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The real effects of corporate fraud: evidence from class action lawsuits

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  • Qingbo Yuan
  • Yunyan Zhang
  • Steven Cahan

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  • Qingbo Yuan & Yunyan Zhang & Steven Cahan, 2016. "The real effects of corporate fraud: evidence from class action lawsuits," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(3), pages 879-911, September.
    • Handle: RePEc:bla:acctfi:v:56:y:2016:i:3:p:879-911
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    References listed on IDEAS

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    7. Francis, J & Philbrick, D & Schipper, K, 1994. "Shareholder Litigation And Corporate Disclosures," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 32(2), pages 137-164.
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    9. François Derrien & Ambrus Kecskés, 2013. "The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage," Journal of Finance, American Finance Association, vol. 68(4), pages 1407-1440, August.
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    20. Tang, Tony T., 2009. "Information asymmetry and firms' credit market access: Evidence from Moody's credit rating format refinement," Journal of Financial Economics, Elsevier, vol. 93(2), pages 325-351, August.
    21. Gande, Amar & Lewis, Craig M., 2009. "Shareholder-Initiated Class Action Lawsuits: Shareholder Wealth Effects and Industry Spillovers," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(4), pages 823-850, August.
    22. Amir Sufi, 2009. "The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings," The Review of Financial Studies, Society for Financial Studies, vol. 22(4), pages 1659-1691, April.
    23. Karpoff, Jonathan M & Lott, John R, Jr, 1993. "The Reputational Penalty Firms Bear from Committing Criminal Fraud," Journal of Law and Economics, University of Chicago Press, vol. 36(2), pages 757-802, October.
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    27. Karthik Balakrishnan & John E. Core & Rodrigo S. Verdi, 2014. "The Relation Between Reporting Quality and Financing and Investment: Evidence from Changes in Financing Capacity," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 52(1), pages 1-36, March.
    28. Engelmann, Kathleen & Cornell, Bradford, 1988. "Measuring the Cost of Corporate Litigation: Five Case Studies," The Journal of Legal Studies, University of Chicago Press, vol. 17(2), pages 377-399, June.
    29. Karpoff, Jonathan M. & Lee, D. Scott & Martin, Gerald S., 2008. "The Cost to Firms of Cooking the Books," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 43(3), pages 581-611, September.
    30. Fich, Eliezer M. & Shivdasani, Anil, 2007. "Financial fraud, director reputation, and shareholder wealth," Journal of Financial Economics, Elsevier, vol. 86(2), pages 306-336, November.
    31. Deng, Saiying & Willis, Richard H. & Xu, Li, 2014. "Shareholder Litigation, Reputational Loss, and Bank Loan Contracting," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 49(4), pages 1101-1132, August.
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    Citations

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    Cited by:

    1. Jinghui Sun & Pamela Kent & Baolei Qi & Jiwei Wang, 2019. "Chief financial officer demographic characteristics and fraudulent financial reporting in China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(4), pages 2705-2734, December.
    2. Zhang, Zejun & Wang, Zhao & Cai, Lixin, 2025. "Predicting financial fraud in Chinese listed companies: An enterprise portrait and machine learning approach," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    3. Quentin Dupont & Jonathan M. Karpoff, 2020. "The Trust Triangle: Laws, Reputation, and Culture in Empirical Finance Research," Journal of Business Ethics, Springer, vol. 163(2), pages 217-238, May.
    4. Yung, Kenneth & Askarzadeh, Alireza, 2025. "International evidence on the relationship between fraud tolerance and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 97(C).
    5. Dan Amiram & Zahn Bozanic & James D. Cox & Quentin Dupont & Jonathan M. Karpoff & Richard Sloan, 2018. "Financial reporting fraud and other forms of misconduct: a multidisciplinary review of the literature," Review of Accounting Studies, Springer, vol. 23(2), pages 732-783, June.
    6. Nam Tran & Don O'Sullivan, 2020. "The relationship between corporate social responsibility, financial misstatements and SEC enforcement actions," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(S1), pages 1111-1147, April.
    7. Gurvan Branellec & Ji-Yong Lee, 2018. "Faut-il introduire en France une class action d'actionnaires (Securities Class Actions) ?," Post-Print hal-01894300, HAL.
    8. Lin, Xiaowei & Ding, Zijun & Chen, Aihua & Shi, Huaizhi, 2022. "Internal whistleblowing and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 84(C).
    9. Linlin Duan & Jintao Zhang & Li Meng, 2024. "Administrative penalties and corporate CSR disclosure strategies," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2360-2372, June.
    10. Humphery-Jenner, Mark & Liu, Yun & Nanda, Vikram & Silveri, Sabatino & Sun, Minxing, 2024. "Of fogs and bogs: Does litigation risk make financial reports less readable?," Journal of Banking & Finance, Elsevier, vol. 163(C).
    11. Chao Fu & Xiuyuan Deng & Hongfei Tang, 2023. "Who cares about corporate fraud? Evidence from cross-border mergers and acquisitions of Chinese companies," Review of Quantitative Finance and Accounting, Springer, vol. 60(2), pages 747-789, February.
    12. Stewart Jones & Nurul Alam, 2019. "A machine learning analysis of citation impact among selected Pacific Basin journals," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(4), pages 2509-2552, December.

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