메뉴 건너뛰기




Volumn 51, Issue 3, 2011, Pages 259-278

Do the SEC's enforcement preferences affect corporate misconduct?

Author keywords

Distance; Enforcement; Information asymmetry; Restatement; SEC

Indexed keywords


EID: 79953029068     PISSN: 01654101     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jacceco.2011.01.004     Document Type: Article
Times cited : (450)

References (40)
  • 1
    • 30344469920 scopus 로고    scopus 로고
    • Corporate governance and accounting scandals
    • Agrawal A., Chadha S. Corporate governance and accounting scandals. Journal of Law and Economics 2005, 48:371-406.
    • (2005) Journal of Law and Economics , vol.48 , pp. 371-406
    • Agrawal, A.1    Chadha, S.2
  • 2
    • 79953029172 scopus 로고    scopus 로고
    • Insider trading before accounting scandals. Working Paper, University of Alabama.
    • Agrawal, A., Cooper, T., 2006. Insider trading before accounting scandals. Working Paper, University of Alabama.
    • (2006)
    • Agrawal, A.1    Cooper, T.2
  • 3
    • 79953029292 scopus 로고    scopus 로고
    • Corporate governance consequences of accounting scandals: evidence from top management, CFO and auditor turnover. Working Paper, University of Alabama.
    • Agrawal, A., Cooper, T., 2007. Corporate governance consequences of accounting scandals: evidence from top management, CFO and auditor turnover. Working Paper, University of Alabama.
    • (2007)
    • Agrawal, A.1    Cooper, T.2
  • 4
    • 33751308639 scopus 로고    scopus 로고
    • Managing knowledge spillovers: the role of geographical proximity
    • Audretsch D. Managing knowledge spillovers: the role of geographical proximity. Advances in Strategic Management 2003, 20:23-48.
    • (2003) Advances in Strategic Management , vol.20 , pp. 23-48
    • Audretsch, D.1
  • 5
    • 0008482329 scopus 로고    scopus 로고
    • R&D spillovers and the geography of innovation and production
    • Audretsch D., Feldman M. R&D spillovers and the geography of innovation and production. American Economic Review 1996, 86(3):630-640.
    • (1996) American Economic Review , vol.86 , Issue.3 , pp. 630-640
    • Audretsch, D.1    Feldman, M.2
  • 6
    • 1542708571 scopus 로고    scopus 로고
    • Company-scientist locational links: the case of biotechnology
    • Audretsch D., Stephan P. Company-scientist locational links: the case of biotechnology. The American Economic Review 1996, 86(3):641-652.
    • (1996) The American Economic Review , vol.86 , Issue.3 , pp. 641-652
    • Audretsch, D.1    Stephan, P.2
  • 7
    • 79953029619 scopus 로고    scopus 로고
    • Misreporting corporate performance. Working Paper No. 400, Harvard Olin Center for Law, Economics, and Business. Available at
    • Bar-Gill, O., Bebchuk, L., 2002. Misreporting corporate performance. Working Paper No. 400, Harvard Olin Center for Law, Economics, and Business. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id354141.
    • (2002)
    • Bar-Gill, O.1    Bebchuk, L.2
  • 8
    • 0000787258 scopus 로고
    • Crime and punishment: an economic approach
    • Becker G. Crime and punishment: an economic approach. Journal of Political Economy 1968, 76(2):169-217.
    • (1968) Journal of Political Economy , vol.76 , Issue.2 , pp. 169-217
    • Becker, G.1
  • 9
    • 33644669335 scopus 로고    scopus 로고
    • CEO incentives and earnings management: evidence from the 1990s
    • Bergstresser D., Philippon T. CEO incentives and earnings management: evidence from the 1990s. Journal of Financial Economics 2006, 80:511-529.
    • (2006) Journal of Financial Economics , vol.80 , pp. 511-529
    • Bergstresser, D.1    Philippon, T.2
  • 10
    • 79953024629 scopus 로고    scopus 로고
    • Executive compensation and short-termist behavior in speculative markets. Working Paper, Princeton University.
    • Bolton, P., Scheinkman, J., Xiong, W., 2003. Executive compensation and short-termist behavior in speculative markets. Working Paper, Princeton University.
    • (2003)
    • Bolton, P.1    Scheinkman, J.2    Xiong, W.3
  • 11
    • 29244483408 scopus 로고    scopus 로고
    • The impact of performance-based compensation on misreporting
    • Burns N., Kedia S. The impact of performance-based compensation on misreporting. Journal of Financial Economics 2006, 79:35-67.
    • (2006) Journal of Financial Economics , vol.79 , pp. 35-67
    • Burns, N.1    Kedia, S.2
  • 12
    • 18944390386 scopus 로고    scopus 로고
    • Equity incentives and earnings management
    • Cheng Q., Warfield T. Equity incentives and earnings management. The Accounting Review 2005, 80:441-476.
    • (2005) The Accounting Review , vol.80 , pp. 441-476
    • Cheng, Q.1    Warfield, T.2
  • 13
    • 0013468440 scopus 로고    scopus 로고
    • Stock option plans for non-executive employees
    • Core J., Guay W. Stock option plans for non-executive employees. Journal of Financial Economics 2001, 61:253-287.
    • (2001) Journal of Financial Economics , vol.61 , pp. 253-287
    • Core, J.1    Guay, W.2
  • 14
    • 0034861189 scopus 로고    scopus 로고
    • Geography of investment: informed trading and asset prices
    • Coval J., Moskowitz T. Geography of investment: informed trading and asset prices. Journal of Political Economy 2001, 109(4):811-841.
    • (2001) Journal of Political Economy , vol.109 , Issue.4 , pp. 811-841
    • Coval, J.1    Moskowitz, T.2
  • 15
    • 33644700100 scopus 로고    scopus 로고
    • The reputational penalty for aggressive accounting: earnings restatements and management turnover
    • Desai H., Hogan C., Wilkins M. The reputational penalty for aggressive accounting: earnings restatements and management turnover. Accounting Review 2006, 81:83-112.
    • (2006) Accounting Review , vol.81 , pp. 83-112
    • Desai, H.1    Hogan, C.2    Wilkins, M.3
  • 16
    • 0031418604 scopus 로고    scopus 로고
    • Geographic concentration in U.S. manufacturing industries: a dartboard approach
    • Ellison G., Glaeser E. Geographic concentration in U.S. manufacturing industries: a dartboard approach. Journal of Political Economy 1997, 105(5):889-927.
    • (1997) Journal of Political Economy , vol.105 , Issue.5 , pp. 889-927
    • Ellison, G.1    Glaeser, E.2
  • 17
    • 33645166634 scopus 로고    scopus 로고
    • Is there a link between executive equity incentives and accounting fraud?
    • Erickson M., Hanlon M., Maydew E. Is there a link between executive equity incentives and accounting fraud?. Journal of Accounting Research 2006, 44:113-143.
    • (2006) Journal of Accounting Research , vol.44 , pp. 113-143
    • Erickson, M.1    Hanlon, M.2    Maydew, E.3
  • 18
    • 79953025929 scopus 로고    scopus 로고
    • General Accounting Office (GAO), 2002. Financial Statement Restatements: Trends, Market Impacts, Regulatory Responses, and Remaining Challenges. Washington, DC, GAO-03-138
    • General Accounting Office (GAO), 2002. Financial Statement Restatements: Trends, Market Impacts, Regulatory Responses, and Remaining Challenges. Washington, DC, GAO-03-138.
    • (2002)
  • 19
    • 79953028198 scopus 로고    scopus 로고
    • General Accounting Office (GAO), 2007. Securities and Exchange Commission. Additional actions needed to ensure planned improvements address limitations in enforcement division-operations. Report No. 07-830
    • General Accounting Office (GAO), 2007. Securities and Exchange Commission. Additional actions needed to ensure planned improvements address limitations in enforcement division-operations. Report No. 07-830.
    • (2007)
  • 20
    • 79953027667 scopus 로고    scopus 로고
    • Ethics can trump self-interest: experimental evidence on the protected value of truthfulness as a motivator for truth-telling. Swiss Finance Institute Research Paper No. 08-48. Available at: SSRN: .
    • Gibson, R., Tanner, C., Wagner, A., 2009. Ethics can trump self-interest: experimental evidence on the protected value of truthfulness as a motivator for truth-telling. Swiss Finance Institute Research Paper No. 08-48. Available at: SSRN: http://ssrn.com/abstract=1323283.
    • (2009)
    • Gibson, R.1    Tanner, C.2    Wagner, A.3
  • 22
    • 59049085121 scopus 로고    scopus 로고
    • The importance of distinguishing errors from irregularities in restatement research: the case of restatements and CEO/CFO turnover
    • Hennes K., Leone A., Miller B. The importance of distinguishing errors from irregularities in restatement research: the case of restatements and CEO/CFO turnover. The Accounting Review 2008, 83(6):1487-1519.
    • (2008) The Accounting Review , vol.83 , Issue.6 , pp. 1487-1519
    • Hennes, K.1    Leone, A.2    Miller, B.3
  • 23
    • 3843136244 scopus 로고    scopus 로고
    • The effect of accounting restatements on earnings revisions and the estimated cost of capital
    • Hribar P., Jenkins N. The effect of accounting restatements on earnings revisions and the estimated cost of capital. Review of Accounting Studies 2004, 9(2-3):337-356.
    • (2004) Review of Accounting Studies , vol.9 , Issue.2-3 , pp. 337-356
    • Hribar, P.1    Jenkins, N.2
  • 24
    • 35248870116 scopus 로고    scopus 로고
    • The use of unsigned earnings quality measures in tests of earnings management
    • Hribar P., Nichols C. The use of unsigned earnings quality measures in tests of earnings management. Journal of Accounting Research 2007, 45(5):1017-1053.
    • (2007) Journal of Accounting Research , vol.45 , Issue.5 , pp. 1017-1053
    • Hribar, P.1    Nichols, C.2
  • 25
    • 79953028024 scopus 로고    scopus 로고
    • The structure and performance consequences of equity grants to employees of new economy firms. Working Paper, University of Pennsylvania.
    • Ittner, C., Lambert, R., Larcker, D., 2001. The structure and performance consequences of equity grants to employees of new economy firms. Working Paper, University of Pennsylvania.
    • (2001)
    • Ittner, C.1    Lambert, R.2    Larcker, D.3
  • 26
    • 12344320638 scopus 로고    scopus 로고
    • Local does as local is: information content of the geography of individual investors' common stock investments
    • Ivkovich Z., Weisbenner S. Local does as local is: information content of the geography of individual investors' common stock investments. Journal of Finance 2005, 60:267-306.
    • (2005) Journal of Finance , vol.60 , pp. 267-306
    • Ivkovich, Z.1    Weisbenner, S.2
  • 27
    • 79953029056 scopus 로고    scopus 로고
    • The demand for corporate law: statutory flexibility, judicial quality or takeover protection. Working Paper, New York University.
    • Kahan, M., 2004. The demand for corporate law: statutory flexibility, judicial quality or takeover protection. Working Paper, New York University.
    • (2004)
    • Kahan, M.1
  • 30
    • 79953028581 scopus 로고    scopus 로고
    • Geography and acquirer returns. Working Paper, Rutgers Business School.
    • Kedia, S., Panchapagesan, V., Uysal, V., 2005. Geography and acquirer returns. Working Paper, Rutgers Business School.
    • (2005)
    • Kedia, S.1    Panchapagesan, V.2    Uysal, V.3
  • 31
    • 62749099568 scopus 로고    scopus 로고
    • Neighborhood matters: the impact of location on broad based stock option plans
    • Kedia S., Rajgopal S. Neighborhood matters: the impact of location on broad based stock option plans. Journal of Financial Economics 2009, 92(1):109-127.
    • (2009) Journal of Financial Economics , vol.92 , Issue.1 , pp. 109-127
    • Kedia, S.1    Rajgopal, S.2
  • 32
    • 16244419051 scopus 로고    scopus 로고
    • The geography of equity analysis
    • Malloy C. The geography of equity analysis. Journal of Finance LX 2005, 719-755.
    • (2005) Journal of Finance LX , pp. 719-755
    • Malloy, C.1
  • 33
    • 1342301282 scopus 로고    scopus 로고
    • The circumstances and legal consequences of non-GAAP reporting: evidence from restatements
    • Palmrose Z., Scholz S. The circumstances and legal consequences of non-GAAP reporting: evidence from restatements. Contemporary Accounting Research 2004, 21:139-180.
    • (2004) Contemporary Accounting Research , vol.21 , pp. 139-180
    • Palmrose, Z.1    Scholz, S.2
  • 34
    • 79953029730 scopus 로고    scopus 로고
    • The response to changes in revenue recognition rules. Working Paper, University of North Carolina at Chapel Hill.
    • Rountree, B., 2003. The response to changes in revenue recognition rules. Working Paper, University of North Carolina at Chapel Hill.
    • (2003)
    • Rountree, B.1
  • 35
    • 84935436950 scopus 로고
    • Social osmosis and patterns of crime
    • Sah R. Social osmosis and patterns of crime. Journal of Political Economy 1991, 99(6):1272-1295.
    • (1991) Journal of Political Economy , vol.99 , Issue.6 , pp. 1272-1295
    • Sah, R.1
  • 36
    • 0009383773 scopus 로고
    • The investment opportunity set and corporate financing, dividend, and compensation policies
    • Smith C., Watts R. The investment opportunity set and corporate financing, dividend, and compensation policies. Journal of Financial Economics 1992, 7:117-161.
    • (1992) Journal of Financial Economics , vol.7 , pp. 117-161
    • Smith, C.1    Watts, R.2
  • 37
    • 18144373497 scopus 로고    scopus 로고
    • Consequences of financial reporting failure for outside directors: evidence from accounting restatements and audit committee members
    • Srinivasan S. Consequences of financial reporting failure for outside directors: evidence from accounting restatements and audit committee members. Journal of Accounting Research 2005, 43:291-334.
    • (2005) Journal of Accounting Research , vol.43 , pp. 291-334
    • Srinivasan, S.1
  • 38
    • 79953028723 scopus 로고    scopus 로고
    • Testimony of Linda Chatman Thomsen before the United States Senate Committee on Banking, Housing and Urban Affairs Concerning Investigations and Examinations by the Securities and Exchange Commission and Issues Raised by the Bernard L. Madoff Investment Securities Matter Tuesday, January 27, 2009.
    • Thomsen, L., 2009. Testimony of Linda Chatman Thomsen before the United States Senate Committee on Banking, Housing and Urban Affairs Concerning Investigations and Examinations by the Securities and Exchange Commission and Issues Raised by the Bernard L. Madoff Investment Securities Matter Tuesday, January 27, 2009.
    • (2009)
    • Thomsen, L.1
  • 39
    • 79953026646 scopus 로고    scopus 로고
    • U.S. Chamber of Commerce, 2002. State Liability Systems Rankings Study (Harris interactive Study No. 14966)
    • U.S. Chamber of Commerce, 2002. State Liability Systems Rankings Study (Harris interactive Study No. 14966).
    • (2002)
  • 40
    • 79953026401 scopus 로고    scopus 로고
    • Wall Street Journal, 2003. Missed chances: behind SECs failings: caution, tight budget, '90s exuberance - Its reactive culture made agency slow off the mark while Spitzer raced ahead - Giving up too soon on Tyco, December 24
    • Wall Street Journal, 2003. Missed chances: behind SECs failings: caution, tight budget, '90s exuberance - Its reactive culture made agency slow off the mark while Spitzer raced ahead - Giving up too soon on Tyco, December 24.
    • (2003)


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.