Full Description
After each major corporate scandal, new suggestions for combatting fraud emerge from regulators and industry professionals. Despite changes to guidelines for firms' corporate governance, augmented protection for whistle blowers, and enhanced cybersecurity measures, evidence documents an alarming increase in the prevalence and severity of corporate fraud. The rapidly changing laws aimed at curbing corporate fraud sometimes lag behind the changing sophistication of fraud schemes.
Corporate Fraud Exposed discusses the motivations and drivers of fraud including agency theory, executive compensation, and organizational culture. It examines fraud's consequences for various firm stakeholders and its spillover effects to other corporations, the political environment, and financial market participants, including those who participate via crowdfunding platforms.
This book provides a fresh look at this intriguing but often complex subject. It skillfully blends the contributions of a global array of scholars and practitioners into a single review of some of the most important topics in this area. Given its broad scope, this practical and comprehensive title should be of interest to anyone curious about corporate fraud.
Contents
Section 1: Nature of FraudChapter 1. Corporate Fraud Exposed: An Overview; H. Kent Baker, Lynnette Purda, and Samir Saadi
Chapter 2. Types of Corporate Fraud; Halil Kiymaz
Chapter 3. How Fraud Offenders Rationalize Financial Crime; Iva Charlopova, Paul Andon, and Clinton Free
Chapter 4. Accounting Principles and Corporate Fraud; Kirsten L. Anderson
Section 2: Causes and Determinants of Corporate Fraud
Chapter 5. Corporate Culture and Fraud; Ellie Chapple, Kathleen Walsh, and Yun Shen
Chapter 6. Corporate Governance and Fraud; Ali C. Akyol
Chapter 7. National Culture, Legal Environment, and Fraud; Chen Liu, Serena Shuo Wu
Chapter 8. Agency Theory and Fraud; Chiraz Ben Ali
Chapter 9. Executive Influence and Fraud; Philip R. Jones, Joseph Monts, and Andrew C. Spieler
Section 3: Consequences of Corporate Fraud
Chapter 10. Corporate Political Connections and Corruption; Matthew Boland
Chapter 11. The Spillover Impact of Corporate Fraud on Peer Firms; Tashfeen Hussain
Chapter 12. Crowdfunding Without Crowd-fooling: Prevention is Better Than Cure; Sondes Mbarek and Donia Trabelsi
Section 4: Corporate Fraud Detection and Prevention
Chapter 13. Corporate Whistleblowing: Towards a Regulatory Approach; Anita Anand
Chapter 14. Forensic Accounting and Fraud Deterrence; Casey D. Evans
Chapter 15. Cyber Security and Corporate Fraud; James K. Hayes
Chapter 16. Law Enforcement Agencies and Corporate Fraud; Robert A. Warren and Michael Pakaluk
Chapter 17. Financial Statement Fraud: Motivation, Methods, and Detection; S. David Young
Section 5: Corporate Fraud in Practice
Chapter 18. Accounting Scandals: Enron, Worldcom, and Global Crossing; Steven Petra and Andrew C. Spieler
Chapter 19. Panama Papers and the Abuse of Shell Entities; Carl Pacini and Nicole Forbes Stowell
Chapter 20. Stock Option Manipulations; Haifa Amairi, Boushra El Haj Hassan, and Janelle Mann
Chapter 21. Satyam Scandal; Yan Luo and Linying Zhou
Chapter 22. Corporate Fraud: The Cases of Barings Bank, Volkswagen, and HIH Insurance; Sayan Sarkar and Andrew C. Spieler
Section 6: Future Research Issues
Chapter 23. Corporate Fraud: Avenues of Future Research; Nadia Smaili, Julien Le Maux, and Walid Ben Amar
