The Impact of Anti-Bribery Enforcement Actions on Targeted Firms
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- Written by Jonathan Karpoff, D. Scott Lee and Gerald S. Martin
Firms prosecuted for foreign bribery experience significant costs. Their share values decline by 3.11%, on average, on the first day that news of the bribery action is reported, and by 8.98% over all announcements related to the regulatory enforcement action.
Searle Civil Justice Institute
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- Written by Administrator
The Searle Civil Justice Institute has commissioned a Foreign Corrupt Practices Act (“FCPA”) Task Force to undertake a large-scale empirical study that examines the potential effects of enforcement actions on corporations and their related markets.