WebFeb 24, 2013 · We estimate that on average 11% of large publicly-traded firms are committing securities fraud every year. Combining this figure with existing estimates of the costs of detected and undetected fraud, we estimate that corporate fraud destroys 1.7% of equity value each year, equal to $744bn in 2024. Keywords: corporate fraud, … WebAug 1, 2002 · I. Dyck, Luigi Zingales. Published 1 August 2002. Business. Corporate Finance: Governance. In this paper we discuss the role of the media in pressuring …
[PDF] The Media and Asset Prices Semantic Scholar
WebALEXANDER DYCK, ADAIR MORSE, and LUIGI ZINGALES ... ∗Dyck is at the University of Toronto; Morse is at the University of Chicago and NBER; ... (2003), we use federal securities class actions to construct the sample of frauds. The focus of these papers, however, is on the frequency and the cost imposed by ... WebReceived 1 October 2003; received in revised form 1 January 2004; accepted 31 January 2004 Abstract In this paper, we review the literature on private benefits and cross-listings in the United States. ... Dyck and Zingales (2004) measure the premia of controlling blocks across countries and estimate private benefits in these countries. highlantis
The law and economics of self-dealing - ScienceDirect
WebThese results, together with the cross-country evidence contained in Dyck and Zingales (2003) that private benefits of control are smaller in countries with better tax enforcement, have several implications. First, they provide a novel justification for the existence of a low, well-enforced corporate tax rate. Web张承鹫 吴华强 才国伟 徐信忠. 一、引言. 媒体、分析师是信息影响股票定价的重要传播渠道。在我国的资本市场实践中,随着上市公司信息披露机制逐渐完善和证券公司等金融服务机构日益发展,新闻媒体与证券分析师等已经成为了上市公司、投资者和监管部门之间的“信息桥 … WebDyck, A. and Zingales, L. (2004) Control Premiums and the Effectiveness of Corporate Governance Systems. Journal of Applied Corporate Finance, 16, 51-72. - References - … highlanes gallery drogheda