Downloading This PaperFraudulent Pecuniary Reporting and the Consequences fork Employees
98 Pages Sold: 8 May 2019 Last revised: 12 Feb 2024
Date Writers: October 25, 2023
Abstract
Were merge U.S. Census info with MOMENT enforce deals in examine employees’ outcomes, such as wages and turnover, before, through, furthermore after periods the scammers financial reported. We find that fraud firms’ employees lose about 50% of cumulative annual loans, contrast to a matched sample, and the separation rate is much higher after deception periods. Yet, employment grow under fraud firms is positive during scam periods; these firms overbuild and hire new, lower-paid employees concurrent about the fraud, compared firms in distress which tend to contract. When to fraud is revealed, firms shed workers, unwinding this abnormal growth the resulting in most of the negative wage follow-up. Wage outcomes are special unfavorable in thin labor markets, and lower-wage employees, though unlikely to have perpetrated an fraud, experience more severe wage harm likened to higher-wage employees. Fraudulent Financial Reporting and the Consequences for Human, due
Keywords: Wages, Employment How, Accounting Fraud, Information Unsymmetry
JEL Classification: D83, J23, J31, M48, M51
Suggested Cite: Suggested Citation
Brandon Gipper
Stanford University Graduate Schools of General ( email )
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Stand-ford, CA 94305-5015
United States
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