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Optimal Deterrence of Illegal Behavior Under Imperfect Corporate Governance

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  • Argenton, C.

    (Tilburg University, Center For Economic Research)

  • van Damme, E.E.C.

    (Tilburg University, Center For Economic Research)

Abstract

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  • Argenton, C. & van Damme, E.E.C., 2014. "Optimal Deterrence of Illegal Behavior Under Imperfect Corporate Governance," Discussion Paper 2014-078, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:e037f38f-8c76-402a-bbaa-6bdfd8609532
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    5. Motta, Massimo & Fabra, Natalia, 2013. "Antitrust Fines in Times of Crisis," CEPR Discussion Papers 9290, C.E.P.R. Discussion Papers.
    6. Shavell, Steven, 1997. "The optimal level of corporate liability given the limited ability of corporations to penalize their employees," International Review of Law and Economics, Elsevier, vol. 17(2), pages 203-213, June.
    7. Yolande Hiriart & David Martimort, 2006. "The benefits of extended liability," RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 562-582, September.
    8. Christopher M. Snyder, 2010. "Should Firms be Allowed to Indemnify Their Employees for Sanctions?," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 26(1), pages 30-53, April.
    9. Dieter Balkenborg, 2001. "How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk: Comment," American Economic Review, American Economic Association, vol. 91(3), pages 731-738, June.
    10. Tracy R. Lewis & David E. M. Sappington, 2001. "How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk: Comment," American Economic Review, American Economic Association, vol. 91(3), pages 724-730, June.
    11. Charles Angelucci & Martijn A. Han, 2012. "Private and Public Control of Management," SFB 649 Discussion Papers SFB649DP2012-058, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    12. Polinsky, A. Mitchell & Shavell, Steven, 1993. "Should employees be subject to fines and imprisonment given the existence of corporate liability?," International Review of Law and Economics, Elsevier, vol. 13(3), pages 239-257, September.
    13. Joseph E. Harrington Jr, 2013. "Corporate Leniency Programs when Firms have Private Information: The Push of Prosecution and the Pull of Pre-emption," Journal of Industrial Economics, Wiley Blackwell, vol. 61(1), pages 1-27, March.
    14. Pitchford, Rohan, 1995. "How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk," American Economic Review, American Economic Association, vol. 85(5), pages 1171-1186, December.
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    Keywords

    illegal behavior; deterrence; agency problems; moral hazard; corporate liability; corporate crime;
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