Norvald Instefjord Patricia Jackson William Perraudin
Abstract
"Recent frauds in investment banks and securities houses have revealed how vulnerable modern financial institutions are to criminal activity by their employees. In this paper, we examine how regulators may limit the incidence of securities fraud by encouraging firms to provide managers and dealers with appropriate incentives and by imposing ex post penalties once a fraud has been discovered" Copyright Centre for Economic Policy Research, Centre for Economic Studies, Maison des Sciences de l'Homme 1997.
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Article provided by CEPR, CES, MSH in its journal Economic Policy.
Volume (Year): 13 (1998) Issue (Month): 27 (October) Pages: 585-623 Download reference. The following formats are available: HTML,
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