An analysis of firms' self-reported anticorruption efforts (Registro nro. 199638)
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| 000 -LÍDER | |
|---|---|
| Campo fijo de descripción fija | 01822nab a2200193 4500 |
| 003 - IDENTIFICADOR DEL NÚMERO DE CONTROL | |
| Campo de control | OSt |
| 005 - FECHA Y HORA DE LA ULTIMA TRANSACCIÓN | |
| control field | 20200226102050.0 |
| 008 - ELEMENTOS DE LONGITUD FIJA -- INFORMACIÓN GENERAL | |
| Campo fijo de descripción fija -- Información general | 200127s2016 xxu|||||r|||| 00| 0 eng d |
| 040 ## - FUENTE DE CATALOGACIÓN | |
| Agencia Catalogadora | CO-BoUGC |
| Agencia que realiza la transcripción | CO-BoUGC |
| 100 1# - ASIENTO PRINCIPAL--NOMBRE PERSONAL | |
| Nombre personal | Healy, Paul M. |
| 245 10 - TÍTULO | |
| Título | An analysis of firms' self-reported anticorruption efforts |
| Responsables | Pul M. Healy & George Serafeim |
| 300 ## - DESCRIPCIÓN FÍSICA | |
| Extensión | Páginas 489 a la 511 |
| 520 3# - NOTA DE RESUMEN, ETC. | |
| Nota de sumario, etc. | We use Transparency International's ratings of self-reported anticorruption efforts to analyze factors underlying the ratings. Our tests examine whether these disclosures reflect firms' real efforts to combat corruption or are cheap talk. We find that the ratings are related to enforcement and monitoring, country and industry corruption risk, and governance variables. Controlling for these effects and other ratings determinants, we find that firms with lower residual ratings have higher subsequent citations in corruption news events. They also report higher future sales growth and show a negative relation between profitability change and sales growth in high corruption geographic segments, but not in low corruption segments. The net effect on valuation from sales growth and changes in profitability is close to zero. The findings are robust to a number of sensitivity tests, including analysis of disclosures for a larger sample over multiple years. We conclude that, on average, firms' disclosures signal real efforts to combat corruption. |
| 650 14 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Contabilidad |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 178307 |
| 650 14 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Empresas |
| Subdivisión general | Corrupción |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 178308 |
| 700 1# - ENTR. SECUNDARIA - Nombre Personal (R) | |
| Nombre personal | Serafeim, George |
| -- | 176270 |
| 773 0# - ASIENTO DE ITEM FUENTE | |
| Host Biblionumber | 82265 |
| Host Itemnumber | 382158 |
| Asiento principal | The accounting review 2016 V.91 No. 2 (Mar) |
| Otro identificador del ítem | 0000002031463 |
| International Standard Serial Number | 0001-4826 (papel) |
| Descripción física | 22 páginas |
| Nota | Incluye tablas, referencias bibliográficas y apéndices |
| 942 ## - TIPO DE MATERIAL (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Tipo de Item KOHA | Artículo de Revista |
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