Corporate fraud culture: Re-examining the corporate governance and performance relation

Tan, DT; Chapple, L; Walsh, KD

Corporate fraud culture: Re-examining the corporate governance and performance relation

Tan, DT Chapple, L Walsh, KD

Permalink

Publication Type:: Journal Article
Citation:: Accounting and Finance, 2017, 57 (2), pp. 597 - 620
Issue Date:: 2017-06-01

Closed Access

	Filename	Description	Size
	Tan_et_al-2017-Accounting_&_Finance.pdf	Published Version	163.22 kB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Tan, DT	en_US
dc.contributor.author	Chapple, L	en_US
dc.contributor.author	Walsh, KD https://orcid.org/0000-0003-4529-771X	en_US
dc.date.issued	2017-06-01	en_US
dc.identifier.citation	Accounting and Finance, 2017, 57 (2), pp. 597 - 620	en_US
dc.identifier.issn	0810-5391	en_US
dc.identifier.uri	http://hdl.handle.net/10453/136142
dc.description.abstract	© 2015 AFAANZ We analyse the corporate governance and performance relation, when conditioning on corporate fraud, for fraud firms during 2000 – 2007. Fraud firms are identified as either self- reported fraud events, or subject to regulatory investigation. We use the inverse Mills ratio procedure to account for firms' (unobservable) fraud culture in the dynamic system GMM model of the performance- governance relation. We find that corporate governance is an endogenously determined characteristic that has no causal impact on firm performance when conditioning on fraud. Fraud is a significant regulatory event but its overall economic impact at the firm level is highly variable.	en_US
dc.relation.ispartof	Accounting and Finance	en_US
dc.relation.isbasedon	10.1111/acfi.12156	en_US
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject.classification	Accounting	en_US
dc.title	Corporate fraud culture: Re-examining the corporate governance and performance relation	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	57	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
utslib.for	1402 Applied Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Finance Discipline
utslib.copyright.status	closed_access	*
pubs.issue	2	en_US
pubs.publication-status	Published	en_US
pubs.volume	57	en_US

Abstract:

© 2015 AFAANZ We analyse the corporate governance and performance relation, when conditioning on corporate fraud, for fraud firms during 2000 – 2007. Fraud firms are identified as either self- reported fraud events, or subject to regulatory investigation. We use the inverse Mills ratio procedure to account for firms' (unobservable) fraud culture in the dynamic system GMM model of the performance- governance relation. We find that corporate governance is an endogenously determined characteristic that has no causal impact on firm performance when conditioning on fraud. Fraud is a significant regulatory event but its overall economic impact at the firm level is highly variable.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/136142