Booms, Busts, and Fraud

By Paul Povel, Rajdeep Singh, Andrew Winton. 2007

295 citations recorded by the source corpus.

Subfields: Accounting, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/24a25a3788277df1e780955bb640ccadb9a0cf60

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. T. Wang
2. Xiaoyun Yu
3. Fan Yu
4. Anna Chernobai
5. Amin Shams
6. Andrew Winton
7. John M. Griffin
8. Philippe Jorion

In Sociology and Political Science

1. T. Wang
2. Xiaoyun Yu
3. Andrew Winton

Citations in the corpus

• The Determinants of Operational Risk in U.S. Financial Institutions (2011, background): “On the one hand, we may expect to see a higher incidence of fraud during good times (Povel, Singh, and Winton (2007)).”
• Evidence on Contagion in Earnings Management (2015, unknown): “As discussed in Povel et al. (2007), the higher the growth opportunities in the industry, the greater are likely to be the gains from earnings management.”
• The Spillover Effect of Fraudulent Financial Reporting on Peer Firms’ Investments (2013, unknown): “For example, Povel et al. (2007) model the fraud dynamic and demonstrate that fraud is related to the business cycle, although not monotonically.”
• Is Bitcoin Really Untethered? (2020, background): “One line of thinking is that more fraud exists in economic booms because individuals monitor their investments relatively less closely (Povel, Singh, and Winton (2007)).”
• Corporate Fraud and Business Conditions: Evidence from IPOs (2010, methodology): “…between the ex ante probability of fraud and investor belief is summarized in the following figure (Figure 4 in Povel et al. (2007)).2 Whereas Povel et al. (2007) argue that investor beliefs affect fraud propensity by altering investors’ monitoring incentives, Hertzberg (2005) argues that…”
• Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market: Asset Quality Misrepresentation by Financial Intermediaries (2015, unknown): “This finding is consistent with models in Povel, Singh, and Winton (2007) and Hartman-Glaser (2013), who predict that misrepresentations are more likely to occur during good times and can occur among institutions with high perceived reputation.”
• Why 'Good' Firms Do Bad Things: The Effects of High Aspirations, High Expectations and Prominence on the Incidence of Corporate Illegality (2010, unknown): “, 2009) or why firms might engage in illegal actions during “good times” (Povel et al., 2007).”