Journal article
Whistleblowers and Outcomes of Financial Misrepresentation Enforcement Actions
Journal of accounting research, Vol.56(1), pp.123-171
03/01/2018
DOI: 10.1111/1475-679X.12177
Abstract
Whistleblowers are ostensibly a valuable resource to regulators investigating securities violations, but whether there is a link between whistleblower involvement and the outcomes of enforcement actions is unclear. Using a data set of employee whistleblowing allegations obtained from the U.S. government and the universe of enforcement actions for financial misrepresentation, we find that whistleblower involvement is associated with higher monetary penalties for targeted firms and employees and with longer prison sentences for culpable executives. We also find that regulators more quickly begin enforcement proceedings when whistleblowers are involved. Our findings suggest that whistleblowers are a valuable source of information for regulators who investigate and prosecute financial misrepresentation.
Details
- Title: Subtitle
- Whistleblowers and Outcomes of Financial Misrepresentation Enforcement Actions
- Creators
- Andrew C. Call - Arizona State UniversityGerald S. Martin - American UniversityNathan Y. Sharp - Mitchell InstituteJaron H. Wilde - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Journal of accounting research, Vol.56(1), pp.123-171
- Publisher
- Wiley
- DOI
- 10.1111/1475-679X.12177
- ISSN
- 0021-8456
- eISSN
- 1475-679X
- Number of pages
- 49
- Language
- English
- Date published
- 03/01/2018
- Academic Unit
- Accounting
- Record Identifier
- 9984380505002771
Metrics
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