After each major corporate scandal, new suggestions for combatting fraud emerge from regulators and industry professionals. Despite changes to guidelines for firms’ corporate governance, augmented protection for whistle blowers, and enhanced cybersecurity measures, evidence documents an alarming increase in the prevalence and severity of corporate fraud. The rapidly changing laws aimed at curbing corporate fraud sometimes lag behind the changing sophistication of fraud schemes.  Corporate Fraud Exposed discusses the motivations and drivers of fraud including agency theory, executive compensation, and organizational culture. It examines fraud’s consequences for various firm stakeholders and its spillover effects to other corporations, the political environment, and financial market participants, including those who participate via crowdfunding platforms.   This book provides a fresh look at this intriguing but often complex subject. It skillfully blends the contributions of a global array of scholars and practitioners into a single review of some of the most important topics in this area. Given its broad scope, this practical and comprehensive title should be of interest to anyone curious about corporate fraud.
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Corporate Fraud Exposed uncovers the motivations and drivers of fraud including agency theory, executive compensation, and organizational culture. It delves into the consequences of fraud for various firm stakeholders, and its spillover effects on other corporations, the political environment, and financial market participants.
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Section 1: Nature of FraudChapter 1. Corporate Fraud Exposed: An Overview; H. Kent Baker, Lynnette Purda, and Samir Saadi Chapter 2. Types of Corporate Fraud; Halil Kiymaz Chapter 3. How Fraud Offenders Rationalize Financial Crime; Iva Charlopova, Paul Andon, and Clinton Free Chapter 4. Accounting Principles and Corporate Fraud; Kirsten L. Anderson Section 2: Causes and Determinants of Corporate Fraud Chapter 5. Corporate Culture and Fraud; Ellie Chapple, Kathleen Walsh, and Yun Shen Chapter 6. Corporate Governance and Fraud; Ali C. Akyol Chapter 7. National Culture, Legal Environment, and Fraud; Chen Liu, Serena Shuo Wu Chapter 8. Agency Theory and Fraud; Chiraz Ben Ali Chapter 9. Executive Influence and Fraud; Philip R. Jones, Joseph Monts, and Andrew C. Spieler Section 3: Consequences of Corporate Fraud Chapter 10. Corporate Political Connections and Corruption; Matthew Boland Chapter 11. The Spillover Impact of Corporate Fraud on Peer Firms; Tashfeen Hussain Chapter 12. Crowdfunding Without Crowd-fooling: Prevention is Better Than Cure; Sondes Mbarek and Donia Trabelsi Section 4: Corporate Fraud Detection and Prevention Chapter 13. Corporate Whistleblowing: Towards a Regulatory Approach; Anita Anand Chapter 14. Forensic Accounting and Fraud Deterrence; Casey D. Evans Chapter 15. Cyber Security and Corporate Fraud; James K. Hayes Chapter 16. Law Enforcement Agencies and Corporate Fraud; Robert A. Warren and Michael Pakaluk Chapter 17. Financial Statement Fraud: Motivation, Methods, and Detection; S. David Young Section 5: Corporate Fraud in Practice Chapter 18. Accounting Scandals: Enron, Worldcom, and Global Crossing; Steven Petra and Andrew C. Spieler Chapter 19. Panama Papers and the Abuse of Shell Entities; Carl Pacini and Nicole Forbes Stowell Chapter 20. Stock Option Manipulations; Haifa Amairi, Boushra El Haj Hassan, and Janelle Mann Chapter 21. Satyam Scandal; Yan Luo and Linying Zhou Chapter 22. Corporate Fraud: The Cases of Barings Bank, Volkswagen, and HIH Insurance; Sayan Sarkar and Andrew C. Spieler Section 6: Future Research Issues Chapter 23. Corporate Fraud: Avenues of Future Research; Nadia Smaili, Julien Le Maux, and Walid Ben Amar
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‘This book presents important insights into the causes and consequences of corporate fraud. The chapters encompass many useful empirical observations, as well as key case studies. It is an important resource for academics, practitioners, and policymakers alike.’
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Produktdetaljer

ISBN
9781789734188
Publisert
2020-10-09
Utgiver
Vendor
Emerald Publishing Limited
Vekt
863 gr
Høyde
229 mm
Bredde
152 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
528

Biographical note

H. Kent Baker is University Professor of Finance at the Kogod School of Business, American University. He is an award winning author/editor of 37 books and more than 300 articles and publications. 
Lynnette Purda is Professor and RBC Fellow of Finance at the Smith School of Business, Queen’s University. Her research examines corporate fraud and governance through the lenses of finance, law, and accounting. 
Samir Saadi is an Associate Professor and Ian Telfer Fellow in Behavioral Finance at the Telfer School of Management, University of Ottawa. He is an Affiliate Research Fellow at IPAG Business School.