東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Corporations Under Probation: The De...

Sun, Yan.

FindBook

Google Book

Amazon

博客來

Corporations Under Probation: The Determinants and Consequences of the Monitorship Requirement in Regulatory Enforcement Actions.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Corporations Under Probation: The Determinants and Consequences of the Monitorship Requirement in Regulatory Enforcement Actions./
作者:	Sun, Yan.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2018,
面頁冊數:	92 p.
附註:	Source: Dissertation Abstracts International, Volume: 79-12(E), Section: A.
Contained By:	Dissertation Abstracts International79-12A(E).
標題:	Accounting. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10970378
ISBN:	9780438293045

Corporations Under Probation: The Determinants and Consequences of the Monitorship Requirement in Regulatory Enforcement Actions.
Sun, Yan.

Corporations Under Probation: The Determinants and Consequences of the Monitorship Requirement in Regulatory Enforcement Actions. - Ann Arbor : ProQuest Dissertations & Theses, 2018 - 92 p.

Source: Dissertation Abstracts International, Volume: 79-12(E), Section: A.

Thesis (Ph.D.)--The University of Texas at Dallas, 2018.

The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) require a set of firms to retain corporate monitors as a part of the pretrial settlement agreements in the enforcement process (hereafter the monitorship requirement). I examine the determinants of the monitorship requirement and its ensuing consequences in terms of firm monetary penalties and audit pricing. Using a dataset of enforcement actions for financial misrepresentation, I find that enforcement actions with bribery allegations under the Foreign Corrupt Practices Act (FCPA) and the number of violations charged against all respondents in an enforcement action are strong predictors of the monitorship requirement. In addition, announcing an internal investigation, the percentage of culpable executives terminated, and analyst following would reduce the likelihood of the monitorship requirement. Next, I investigate the substitutability between the monitorship requirement and firm monetary penalties as regulatory enforcement outcomes. I find no evidence that the monitorship requirement reduces firm monetary penalties. Rather, I find a positive association between the monitorship requirement and firm monetary penalties. I posit that the positive association exists because, after controlling for severity of the misconduct and other factors known to influence firm monetary penalties, the monitorship requirement proxies for the weak compliance program (or compliance culture) of a firm, which would increase monetary penalties assessed by the SEC and DOJ. Lastly, I examine whether and how the monitorship requirement influences audit pricing of enforcement firms. I find some evidence that auditors charge lower fees to enforcement firms with monitors compared to those without monitors. This result is consistent with auditors decreasing their assessed levels of audit effort and/or risk to a greater extent for enforcement firms with monitors, relative to those without.

ISBN: 9780438293045Subjects--Topical Terms:

557516
Accounting.

Corporations Under Probation: The Determinants and Consequences of the Monitorship Requirement in Regulatory Enforcement Actions.
LDR:02987nmm a2200289 4500 001 2203987
005 20190624102616.5
008 201008s2018 ||||||||||||||||| ||eng d
020 $a 9780438293045
035 $a (MiAaPQ)AAI10970378
035 $a (MiAaPQ)0382vireo:534Sun
035 $a AAI10970378
040 $a MiAaPQ $c MiAaPQ
100 1 $a Sun, Yan. $3 898947
245 1 0 $a Corporations Under Probation: The Determinants and Consequences of the Monitorship Requirement in Regulatory Enforcement Actions.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2018
300 $a 92 p.
500 $a Source: Dissertation Abstracts International, Volume: 79-12(E), Section: A.
500 $a Advisers: William M. Cready; Rebecca L. Files.
502 $a Thesis (Ph.D.)--The University of Texas at Dallas, 2018.
520 $a The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) require a set of firms to retain corporate monitors as a part of the pretrial settlement agreements in the enforcement process (hereafter the monitorship requirement). I examine the determinants of the monitorship requirement and its ensuing consequences in terms of firm monetary penalties and audit pricing. Using a dataset of enforcement actions for financial misrepresentation, I find that enforcement actions with bribery allegations under the Foreign Corrupt Practices Act (FCPA) and the number of violations charged against all respondents in an enforcement action are strong predictors of the monitorship requirement. In addition, announcing an internal investigation, the percentage of culpable executives terminated, and analyst following would reduce the likelihood of the monitorship requirement. Next, I investigate the substitutability between the monitorship requirement and firm monetary penalties as regulatory enforcement outcomes. I find no evidence that the monitorship requirement reduces firm monetary penalties. Rather, I find a positive association between the monitorship requirement and firm monetary penalties. I posit that the positive association exists because, after controlling for severity of the misconduct and other factors known to influence firm monetary penalties, the monitorship requirement proxies for the weak compliance program (or compliance culture) of a firm, which would increase monetary penalties assessed by the SEC and DOJ. Lastly, I examine whether and how the monitorship requirement influences audit pricing of enforcement firms. I find some evidence that auditors charge lower fees to enforcement firms with monitors compared to those without monitors. This result is consistent with auditors decreasing their assessed levels of audit effort and/or risk to a greater extent for enforcement firms with monitors, relative to those without.
590 $a School code: 0382.
650 4 $a Accounting. $3 557516
690 $a 0272
710 2 $a The University of Texas at Dallas. $b Management Science. $3 2095390
773 0 $t Dissertation Abstracts International $g 79-12A(E).
790 $a 0382
791 $a Ph.D.
792 $a 2018
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10970378