How Whistleblowers Deter Poor Behavior
The Horizons Tracker
MAY 31, 2022
They explored how the stock market reacted when 13 data leaks involving offshore tax evasion at Swiss banks were made public. The analysis found that the share price of the banks caught up in the various scandals seemed to behave inconspicuously in the ten trading days leading up to the data leak. Active deterrent.
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