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Ethics and Accounting: Understanding Stock Market Impacts Associated with Ethical Violations

Ethics and Accounting: Understanding Stock Market Impacts Associated with Ethical Violations

dc.contributor.advisor Gray, David L.
dc.contributor.author Miller, Luke
dc.contributor.editor Hamalis, Perry T.
dc.date.accessioned 2018-01-12T17:31:52Z
dc.date.available 2018-01-12T17:31:52Z
dc.date.issued 2017-05-15
dc.date.submitted 2017-05-15
dc.identifier.uri http://hdl.handle.net/10969/1202
dc.description.abstract This thesis aims to understand the impacts of unethical activities and necessity of ethical behavior in accounting. This research considers accounting, reporting, and disclosure standards and the ethical standards which govern their application. To measure the impacts associated with unethical accounting reporting, this thesis explores how stock prices have reacted to public announcements of ethical breaches. Specifically, this study examines thirty companies that violated ethical rules and were then investigated and punished by the U.S. Securities and Exchange Commission (SEC). Using Accounting and Auditing Enforcement Releases available on the SEC's website to identify violators, historical stock prices were obtained for a period before and after the release date. Preliminary findings indicate that there was generally not a material decrease in stock prices. This finding suggests that accountants and management must be ethical by their own choice, because fear of punishment, in the form of reduced market value, is not motivation enough. en_US
dc.language.iso en_US en_US
dc.title Ethics and Accounting: Understanding Stock Market Impacts Associated with Ethical Violations en_US
dc.type Thesis

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