| Authors |
Parsons, Sulaeman, Titman |
| Journal |
Journal of Finance |
| Year |
2018 |
| Type |
Published Paper |
| Abstract |
Financial misconduct (FM) rates differ widely between major U.S. cities, up to a factor of 3. Although spatial differences in enforcement and firm characteristics do not account for these patterns, city-level norms appear to be very important. For example, FM rates are strongly related to other unethical behavior, involving politicians, doctors, and (potentially unfaithful) spouses, in the city. |
| Keywords |
Corporate corruption, financial misconduct, peer effects, political fraud, white collar misconduct |
| URL |
https://doi.org/10.1111/jofi.12704 |
| Tags |
Archival Empirical |
Manager / Firm Behavior |
Theory
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