Author Description

Wang seeks to explain why one company committed securities fraud only during certain years and why some companies had a higher propensity to commit securities fraud. He finds evidence linking executive incentive compensation to securities fraud. Some corporate governance measures may also play a role in fraud control. Findings vary, however, depending on the stages of judicial proceedings at which securities fraud class action cases are examined. Researchers and practitioners from fields other than criminal justice, such as law and economics, management, and accounting, may find this work useful for compliance, governance, and risk management research and fraud control policy making.