One of the fundamental purposes of corporate accounting is to facilitate the monitoring of managers. Since managers are instrumental in the production of accounting numbers, and since it is costly to monitor their behavior in this regard, firms sometimes report fraudulent accounting numbers. This pa
The causes and consequences of big bank PAC contributions
โ Scribed by Thomas Havrilesky
- Publisher
- Springer
- Year
- 1990
- Tongue
- English
- Weight
- 449 KB
- Volume
- 4
- Category
- Article
- ISSN
- 0920-8550
No coin nor oath required. For personal study only.
โฆ Synopsis
This article has two purposes. One is to develop and test hypotheses regarding the factors that influence campaign contributions from the political action committees (PACs) of large commercial banks to members of the House and Senate banking cormnittees. A second purpose is to estimate the effect of these contributions on subsequent legislator behavior. Aside from being the first to study the causes and effects of big bank PAC contributions, this article is novel in its employment of bill sponsorship as a measure of legislator behavior.
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