Could the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 be Helpful in Reforming Corporate America? An Investigation on Financial Bounties and Whistle-Blowing Behaviors in the Private Sector
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 112 (4):597-607 (2013)
The purpose of this study is to investigate whether the availability of financial bounties and anonymous reporting channels impact individuals’ general reporting intentions of questionable acts and whether the availability of financial bounties will prompt people to reveal their identities. The recent passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 creates a financial bounty for whistle-blowers. In addition, SOX requires companies to provide employees with an anonymous reporting channel option. It is unclear of the effect of these provisions as they relate to whistle-blowing. Our results indicate that a financial bounty has the potential to increase participants’ propensity to report questionable acts and their willingness to reveal their identities when reporting, but the availability of an anonymous reporting channel does not affect participants’ propensity to report questionable acts. These findings could potentially help corporate management, government policy makers and accounting researchers to assess the effectiveness of their internal compliance programs and help determine if financial bounties in the private sector could encourage whistle-blowing
|Keywords||Whistle-blowing Dodd-Frank Act Financial bounties Anonymous reporting channel|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Steven E. Kaplan & Joseph J. Schultz (2007). Intentions to Report Questionable Acts: An Examination of the Influence of Anonymous Reporting Channel, Internal Audit Quality, and Setting. [REVIEW] Journal of Business Ethics 71 (2):109 - 124.
Tim Barnett, Daniel S. Cochran & G. Stephen Taylor (1993). The Internal Disclosure Policies of Private-Sector Employers: An Initial Look at Their Relationship to Employee Whistleblowing. [REVIEW] Journal of Business Ethics 12 (2):127 - 136.
Daniel Read (2005). Monetary Incentives, What Are They Good For? Journal of Economic Methodology 12 (2):265-276.
Marcia P. Miceli & Janet P. Near (1993). Blowing the Whistle: The Organizational and Legal Implications for Companies and Employees. Journal of Business Ethics 12 (8):628-652.
Citations of this work BETA
James Weber (2015). Identifying and Assessing Managerial Value Orientations: A Cross-Generational Replication Study of Key Organizational Decision-Makers’ Values. Journal of Business Ethics 132 (3):493-504.
Paul Andon, Clinton Free, Radzi Jidin, Gary S. Monroe & Michael J. Turner (forthcoming). The Impact of Financial Incentives and Perceptions of Seriousness on Whistleblowing Intention. Journal of Business Ethics.
Similar books and articles
Shani N. Robinson, Jesse C. Robertson & Mary B. Curtis (2012). The Effects of Contextual and Wrongdoing Attributes on Organizational Employees' Whistleblowing Intentions Following Fraud. Journal of Business Ethics 106 (2):213-227.
Richard P. Nielsen (2013). Whistle-Blowing Methods for Navigating Within and Helping Reform Regulatory Institutions. [REVIEW] Journal of Business Ethics 112 (3):385-395.
Thomas L. Carson, Mary Ellen Verdu & Richard E. Wokutch (2008). Whistle-Blowing for Profit: An Ethical Analysis of the Federal False Claims Act. [REVIEW] Journal of Business Ethics 77 (3):361 - 376.
Gladys Lee & Neil Fargher (2013). Companies' Use of Whistle-Blowing to Detect Fraud: An Examination of Corporate Whistle-Blowing Policies. [REVIEW] Journal of Business Ethics 114 (2):283-295.
Brianna B. Caza (2009). Making Sense of Whistle-Blowing's Antecedents. Business Ethics Quarterly 19 (4):553-586.
Mathieu Bouville (2008). Whistle-Blowing and Morality. Journal of Business Ethics 81 (3):579 - 585.
Gregory Liyanarachchi & Chris Newdick (2009). The Impact of Moral Reasoning and Retaliation on Whistle-Blowing: New Zealand Evidence. [REVIEW] Journal of Business Ethics 89 (1):37 - 57.
David B. Greenberger, Marcia P. Miceli & Debra J. Cohen (1987). Oppositionists and Group Norms: The Reciprocal Influence of Whistle-Blowers and Co-Workers. [REVIEW] Journal of Business Ethics 6 (7):527-542.
Dennis E. Skocz (2011). Wall Street and Main Street in Schutzian Perspective. Schutzian Research 3:165-184.
Pailin Trongmateerut & John T. Sweeney (2013). The Influence of Subjective Norms on Whistle-Blowing: A Cross-Cultural Investigation. [REVIEW] Journal of Business Ethics 112 (3):437-451.
Justin O'Brien (2004). Beyond Compliance: Testing the Limits of Reforming the Governance of Wall Street. International Journal of Business Governance and Ethics 1 (s 2-3):162-174.
Gary R. Rothwell & J. Norman Baldwin (2007). Ethical Climate Theory, Whistle-Blowing, and the Code of Silence in Police Agencies in the State of Georgia. Journal of Business Ethics 70 (4):341 - 361.
Benjamin J. Richardson (2005). Corporate Finance and Environmentally Responsible Business. International Corporate Responsibility Series 2:79-100.
Janet P. Near & Marcia P. Miceli (1985). Organizational Dissidence: The Case of Whistle-Blowing. [REVIEW] Journal of Business Ethics 4 (1):1 - 16.
Added to index2012-12-04
Total downloads9 ( #393,503 of 1,938,813 )
Recent downloads (6 months)1 ( #458,338 of 1,938,813 )
How can I increase my downloads?