Understanding the Penalties Associated with Corporate Misconduct: An Empirical Examination of Earnings and Risk
By Deborah L. Murphy, R. Shrieves, Samuel L. Tibbs. Journal of Financial and Quantitative Analysis, 2009
246 citations recorded by the source corpus.
Subfields: Accounting
View Paper: https://www.semanticscholar.org/paper/3e607e6fd8d43d348132b2620f6b3a2fca3028c8
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In Accounting
- J. Armour
- William C. Gerken
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- Stephen G. Dimmock
- Andrea Polo
- Colin Mayer
- Douglas J. Cumming
Citations in the corpus
- The Impact of Corporate Reputation and Reputation Damaging Events on Financial Performance: Empirical Evidence from the Literature (2015, background): “In Murphy et al. (2009), for instance, the authors find a negative impact of allegations on reported earnings and firm value, as well as higher stock return volatilities.”
- Predicting Fraud by Investment Managers (2012, background): “Further, Karpoff and Lott (1993), Karpoff et al. (2005), and Murphy et al. (2009) show that firms suffer greater reputational penalties for defrauding counterparties, such as customers, than for defrauding other stakeholders.”
- Shareholder Litigation, Reputational Loss, and Bank Loan Contracting (2014, unknown): “Following Murphy et al. (2009), we control for BookToMarket and LagLnMarketCap because they are related to cross-sectional stock returns.”
- Corporate Fraud and the Value of Reputations in the Product Market (2014, unknown): “The existence of reputational losses associated with financial stakeholders, such as lenders and investors, is also well documented in the literature (Graham et al., 2008; Murphy et al., 2009).”
- Regulatory Sanctions and Reputational Damage in Financial Markets (2017, background): “1429 1430 Journal of Financial and Quantitative Analysis the public at large) are small and insignificant (Karpoff and Lott (1993), Murphy et al. (2009)).2 A significant problem with prior studies, mostly based on U.S. data, is that information about misconduct and associated penalties for…”