The determinants of regulatory compliance: An analysis of insider trading disclosures in italy [Book Review]
Journal of Business Ethics 90 (3):331 - 343 (2009)
|Abstract||This paper investigates the determinants of regulatory compliance in corporate organizations. Exploiting a unique enforcement and reporting framework for insider trading in Italy, we present three main findings. First, board governance, such as chief executive–chairman duality and the proportion of non-executive directors, does not increase the propensity of firms to comply with regulation. Second, family firms and firms with a high degree of separation of ownership from control are most likely to comply with regulation. Third, corporate ethos is more important in predicting regulatory compliance than explicit corporate governance structures.|
|Keywords||regulatory compliance corporate governance insider trading regulation Italy family firms|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Jennifer Moore (1990). What is Really Unethical About Insider Trading? Journal of Business Ethics 9 (3):171 - 182.
Irene Criado-Jiménez, Manuel Fernández-Chulián, Carlos Larrinage-González & Francisco Javier Husillos-Carqués (2008). Compliance with Mandatory Environmental Reporting in Financial Statements: The Case of Spain (2001–2003). [REVIEW] Journal of Business Ethics 79 (3):245 - 262.
Peter-Jan Engelen & Luc Van Liedekerke (2007). The Ethics of Insider Trading Revisited. Journal of Business Ethics 74 (4):497 - 507.
Robert W. McGee (2008). Applying Ethics to Insider Trading. Journal of Business Ethics 77 (2):205 - 217.
Steven R. Salbu (1995). Insider Trading and the Social Contract. Business Ethics Quarterly 5 (2):313-328.
John C. Ruhnka & Heidi Boerstler (1998). Governmental Incentives for Corporate Self Regulation. Journal of Business Ethics 17 (3):309-326.
Yulong Ma & Huey-Lian Sun (1998). Where Should the Line Be Drawn on Insider Trading Ethics? Journal of Business Ethics 17 (1):67-75.
Joseph D. Beams, Robert M. Brown & Larry N. Killough (2003). An Experiment Testing the Determinants of Non-Compliance with Insider Trading Laws. Journal of Business Ethics 45 (4):309 - 323.
Lori Holder-Webb, Jeffrey Cohen, Leda Nath & David Wood (2008). A Survey of Governance Disclosures Among U.S. Firms. Journal of Business Ethics 83 (3):543 - 563.
Added to index2009-03-21
Total downloads11 ( #107,422 of 722,933 )
Recent downloads (6 months)1 ( #61,087 of 722,933 )
How can I increase my downloads?