Benchmarking Against the Performance of High Profile 'Scandal' Firms
作者： Emre Karaoglu , Tatiana Sandino , Randolph P. Beatty
DOI: 10.2139/SSRN.930749
关键词:
摘要: In recent years, several high profile firms engaged in accounting fraud that resulted severe investor losses and erosion of trust the capital markets. We examine "scandals" prosecuted by Securities Exchange Commission. Unlike most prior literature, we focus on negative consequences these "scandal firms" caused competing firms. find preliminary evidence compensation earned executives decreased as scandal performed better via inflated results. also managed earnings more when their performance was lagging behind firm".
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