"Control frauds" as financial super-predators: How "pathogens" make financial markets inefficient

Journal of Socio-Economics

Volumn 34, Issue 6, 2005, Pages 734-755

  Black, William K ^a  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

Author keywords

Control fraud; Efficient markets; Fraud; Lemons markets; Regulation

Indexed keywords

EID: 29744449282     PISSN: 10535357     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.socec.2005.07.026     Document Type: Article

References (34)

1. G. Akerlof The market for lemons: Quality uncertainty and the market mechanism Quarterly Journal of Economics 84 3 1970 488-500
2. G. Akerlof P. Romer Looting: The economic underworld of bankruptcy for profit In: W. Brainard G. Perry (Eds.) Brookings Papers on Economic Activity vol. 2 1993 1-73
3. W. Bennett J. DiIulio J. Walters Body Count 1996 Simon & Schuster New York
4. Black, W., 1998. The best way to rob a bank is to own one, UMI Number 9835964. Unpublished dissertation.
5. W. Black Control fraud and control freaks In: H. Pontell D. Shichor (Eds.) Contemporary Issues in Crime and Criminal Justice 2000 Prentice-Hall Saddle River, NJ 67-80
6. Black, W., 2003. Reexaming the Law-and-Economics Theory of Corporate Governance. Challenge 46, No. 2, March/April, pp. 22-40.
7. W. Black The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry 2005 University of Texas Austin
8. W. Black K. Calavita H. Pontell The savings and loan debacle of the 1980s: White-collar crime or risky business? Law and Policy 17 1995 23-55
9. K. Calavita H. Pontell R. Tillman Big Money Crime 1997 University of California Press Berkeley
10. Crawford, W., 1988. In: Combating Fraud, Abuse, and Misconduct in the Nation's Financial Institutions: Current Federal Efforts are Inadequate. United States Congress, House. 100th Cong., 2d Sess., H.R. Rep., pp. 100-1088.
11. F. Easterbrook D. Fischel The Economic Structure of Corporate Law 1991 Harvard University Press Cambridge, MA
12. J. Diamond Guns, Germs and Steel 1997 W.W. Norton & Co., Inc. New York
13. D. Fischel Payback 1995 HarperCollins New York
14. F. Fukuyama Trust 1995 Simon & Schuster New York
15. Federal Energy Regulatory Commission (FERC), 2003. Staff Report: Price Manipulation in Western Markets, DOCKET No. PA02-2-000, March 26.
16. C. Graham S. Sukhtankar Does economic crisis reduce support for markets and democracy in Latin America? Some evidence from surveys of public opinion and well being Journal of Latin American Studies 36 2 2004 349-377
17. Green, G., 1990. Occupational Crime. Nelson-Hall, Chicago in press.
18. E. Kane The S&L Insurance Mess 1989 The Urban Institute Press Washington, DC
19. A. Levitt Take on the Street 2002 Random House New York
20. Lexecon, 1988a. Analysis of CenTrust's Operations & Financial Performance. Unpublished, on file with author.
21. Lexecon, 1988b. Analysis of CenTrust's Operations & Financial Performance. Unpublished, on file with author.
22. M. Lowy High Rollers 1991 Praeger Publishers New York
23. M. Mayer The Greatest-Ever Bank Robbery 1990 Macmillan New York
24. B. McLean P. Elkind The Smartest Guys in the Room 2003 Penguin Books New York
25. National Commission on Financial Institution Reform, Recovery and Enforcement (NCFIRRE), 1993. Origins and Causes of the S&L Debacle: A Blueprint for Reform. A Report to the President and Congress of the United States. Government Printing Office, Washington, DC.
26. J. O'Shea The Daisy Chain 1991 Pocket Books New York
27. Pierce, J., 1994. Causes of the S&L Debacle. Unpublished paper presented at the annual meeting of the Allied Social Sciences Association. On file with author.
28. S. Pizzo M. Fricker P. Muolo Inside Job 1991 HarperCollins New York
29. R. Prentice The case of the irrational auditor: A behavioral insight into securities fraud litigation Northwestern University Law Review 95 2000 133-220
30. M. Robinson Overdrawn: The Bailout of American Savings 1990 Plume New York
31. J. Stiglitz The Roaring Nineties 2003 W.W. Norton & Co., Inc. New York
32. J. Wedel Collision and Collusion: The Strange Case of Western Aid to Eastern Europe 1989-1998 1998 St. Martin's Press New York
33. S. Wheeler M. Rothman The organization as weapon in white collar crime Michigan Law Review 80 7 1982 1403-1426
34. L. White The S&L Debacle 1991 Oxford University Press New York