Managerial Dishonesty and the Macroeconomic Equilibrium
This paper suggests that by enhancing sanctions against managers who disclose fraudulent financial information, the Sarbanes-Oxley Act might contribute to increase the frequency of default.
BESANCENOT, D. et VRANCEANU, R. (2005). Managerial Dishonesty and the Macroeconomic Equilibrium. Dans: Proceedings of the 31st EIBA Annual Conference. Landscapes and Mindscapes in a Globalized World. European International Business Academy (EIBA).