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Effects of Illegal Behavior on the Financial Performance of US Banking Institutions

Show simple item record Zeidan M.J.
dc.contributor.editor 2013 2017-09-07T07:51:31Z 2017-09-07T07:51:31Z 2013
dc.identifier 10.1007/s10551-012-1253-2
dc.identifier.issn 01674544
dc.description.abstract This study investigates whether financial performance is affected by corporate violations of laws and regulations. In a sample of 128 publicly traded banks that were subject to enforcement actions by US regulatory authorities over a 20-year period, we observed a significant negative market reaction pursuant to the violations. However, the market reaction did not vary meaningfully in accordance with the severity or repetitiveness of the violation. The results of this study are in conformity with previous research on industries other than banking, notably with regard to negative market reaction. This confirms that shareholders in the banking industry react in a manner considerably similar to their counterparts in other industries. © 2012 Springer Science+Business Media B.V.
dc.format.extent Pages: (313-324)
dc.language English
dc.publisher DORDRECHT
dc.relation.ispartof Publication Name: Journal of Business Ethics; Publication Year: 2013; Volume: 112; no. 2; Pages: (313-324);
dc.source Scopus
dc.title Effects of Illegal Behavior on the Financial Performance of US Banking Institutions
dc.type Article
dc.contributor.affiliation Zeidan, M.J., Olayan School of Business, American University of Beirut, P.O. Box: 11-0236, Riad El-Solh, Beirut, 1107-2020, Lebanon
dc.contributor.authorAddress Zeidan, M. J.; Olayan School of Business, American University of Beirut, P.O. Box: 11-0236, Riad El-Solh, Beirut, 1107-2020, Lebanon; email:
dc.contributor.authorCorporate University: American University of Beirut; Faculty: Suliman S. Olayan School of Business; Department: School of Business;
dc.contributor.authorDepartment School of Business
dc.contributor.faculty Suliman S. Olayan School of Business
dc.contributor.authorInitials Zeidan, MJ
dc.contributor.authorReprintAddress Zeidan, MJ (reprint author), Amer Univ Beirut, Olayan Sch Business, POB 11-0236, Beirut 11072020, Lebanon.
dc.contributor.authorUniversity American University of Beirut
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dc.description.citedTotWOSCount 0
dc.description.citedWOSCount 0
dc.format.extentCount 12
dc.identifier.scopusID 84872655787
dc.relation.ispartOfISOAbbr J. Bus. Ethics
dc.relation.ispartOfIssue 2
dc.relation.ispartofPubTitle Journal of Business Ethics
dc.relation.ispartofPubTitleAbbr J. Bus. Ethics
dc.relation.ispartOfVolume 112
dc.source.ID WOS:000313737300010
dc.type.publication Journal
dc.subject.otherAuthKeyword Banking industry
dc.subject.otherAuthKeyword Financial performance
dc.subject.otherAuthKeyword Regulations
dc.subject.otherAuthKeyword Violations
dc.subject.otherKeywordPlus RESOURCE-BASED VIEW
dc.subject.otherKeywordPlus EMPIRICAL-EXAMINATION
dc.subject.otherKeywordPlus ORGANIZATIONAL CULTURE
dc.subject.otherKeywordPlus MANAGEMENT
dc.subject.otherKeywordPlus BUSINESS
dc.subject.otherKeywordPlus ETHICS
dc.subject.otherKeywordPlus CODES
dc.subject.otherKeywordPlus FIRM
dc.subject.otherKeywordPlus CONSEQUENCES
dc.subject.otherWOS Business
dc.subject.otherWOS Ethics

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