Compliance Programs, Signaling and Firms’ International Coordination

Fines imposed on firms for corporate infringements such as cartels re- duce these infringement's profitability. When a manager knows when a violation is unprofitable he can prevent violations committed by an uninformed employee by investing in compliance programs (CPs). In- vestments can be...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 49-2017)
Main Author: Herold, Daniel
Format: Article
Published: Philipps-Universität Marburg 2017
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics