Investigating Corporate Fraud
نویسندگان
چکیده
منابع مشابه
How Pervasive Is Corporate Fraud?
We estimate what percentage of firms engage in fraud and the economic cost of fraud. Our estimates are based on detected frauds, and frauds that we infer are started but are not caught. To identify the ‘iceberg’ of undetected fraud we take advantage of an exogenous shock to the incentives for fraud detection: Arthur Andersen’s demise, which forces companies to change auditors. By assuming that ...
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We provide a method for modelling accounting distortions and their impact on the value of corporate liabilities. Our model is able to account for both small noise (estimate errors) and large mis-representations (deliberate fraud). Such a methodology is then applied to structural pricing models, in the spirit of Merton (1974). It turns out that accounting distortions may be a relevant factor in ...
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ژورنال
عنوان ژورنال: Security Journal
سال: 2005
ISSN: 0955-1662,1743-4645
DOI: 10.1057/palgrave.sj.8340206