Scandal Enforcement at the SEC: The Arc of the Option Backdating Investigations

We study the Securities and Exchange Commission's (SEC) enforcement decisions in the context of the highly salient back-dating scandal. We find that (1) the SEC shifted its mix of investigations significantly toward backdating and away from other accounting issues; (2) event studies of stock ma...

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Veröffentlicht in:	American law and economics review 2013-10, Vol.15 (2), p.542-577
Hauptverfasser:	Choi, Stephen J., Wiechman, Anat Carmy, Pritchard, A. C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business structures Computer programming Criminal investigation Economic models Financial accounting P values Paydays Standard error Stock options Variable coefficients
Online-Zugang:	Volltext
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