Business ethics: A quantitative analysis of the impact of unethical behavior by publicly traded corporations

被引：47
|
作者：
Gunthorpe, DL
机构：
[1] Department of Finance, University of Tennessee, Knoxville, TN
[2] University of Tennessee, Knoxville
来源：
JOURNAL OF BUSINESS ETHICS | 1997年 / 16卷 / 05期
关键词：
D O I：
10.1023/A:1017985519237
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines whether the financial markets penalize public corporations for unethical business practices. Using event study methodology, it is found that upon the announcement that a firm is under investigation or has in some way engaged in unethical behavior, a statistically significant negative abnormal (excess) return is found. This suggests that firms are indeed penalized for their unethical actions.
引用
收藏
页码：537 / 543
页数：7
相关论文
共 22 条
  • [21] MACRO AND MICRO QUANTITATIVE STUDY ON IMPACT BEHAVIOR OF GLASS BEADSBY SHPB TESTS AND FEM-DEM COUPLING ANALYSIS
    Lyu Y.-R.
    Wu L.
    Wang Y.
    Zhang D.-D.
    Huang W.-X.
    Su Y.-C.
    [J]. Gongcheng Lixue/Engineering Mechanics, 2023, 40 (06): : 245 - 256
  • [22] Understanding the Impact Mechanism of User Behavior Pattern toward Real Estate APP Platforms in the Post-COVID Era: A Quantitative Analysis
    Yang, Maosheng
    Li, Ping
    Zhou, Honghong
    Li, Zeyu
    Feng, Lei
    [J]. SUSTAINABILITY, 2023, 15 (11)
123