Corporate Crime and Investor Response [F-15-13]
| Presenter: | Brian Harte, Umesh Kumar |
|---|---|
| Location: | SLCHA: Silas Wright House: County Gallery |
| Classes: | 1 Session 1.5 hours |
| Dates: | Tue 2:00 PM 09/15 |
| Status: | CLOSED |
Print Info
Top global firms have been prosecuted and penalized for their corporate criminal malfeasance under various statutes such as Foreign Corrupt Practice Act (FCPA), antitrust, Occupational and Health Administration (OSHA), Federal Food, Drug and Cosmetic Act (FDCA), fraud, and environmental laws, etc. Corporate convictions for violations under federal laws and statutes continue to be a pervasive problem for both the federal government and society-at-large. This presentation reviews research that analyzes 127 convicted firms from the 1000 top global firms during 2001-2010. We examine violations of FCPA compliance/criminal statutes of firms that operate outside of the U.S. Also we examine investors’ responses to illegal corporate behaviors in relation to corporate convictions.
Brian Harte is Professor of Criminal Justice, and Umesh Kumar is Professor of Finance. Both teach at SUNY Canton. They have collaborated on several papers on the topic of corporate crime.