Policeman for the World: The Impact of Extraterritorial FCPA Enforcement on Foreign Investment and Internal Controls

We thank Mia Giuriato, Ginha Kim, Tom Kim, Fabian Nagel, and Wendy Wen for excellent research assistance. We appreciate helpful comments from an anonymous referee, Matthias Breuer, Donal Byard, John Core, Kevin Davis, Kurt Gee, Xuefeng Jiang (discussant), Jonathan Karpoff, Anya Kleymenova, Edward J. Riedl (editor), Amanda Sanseverino, Clare Wang (discussant), Peter Wysocki, Stefan Zeume and workshop participants at Baruch College–CUNY, Boston University, Carnegie Mellon University, Florida International University, Humboldt University of Berlin, IESE Business School, London Business School, The London School of Economics and Political Science, The Pennsylvania State University, The University of Chicago, University of Maryland, University of Minnesota, The University of North Carolina, University of Zurich, the 2021 EAA Annual Congress, the 2019 Colorado Summer Accounting Research Conference, the 2019 FARS Midyear Meeting, and the 2018 Global Issues in Accounting Conference. For providing institutional information, we thank Angela Reitmeier (Transparency International), Mary Crane-Charef (OECD Policy Advisor for Anticorruption), and Florian Amann (Goldman Sachs). We gratefully acknowledge financial support from The University of Chicago Booth School of Business. This work is also supported by the Asness Junior Faculty Fellowship, the David G. Booth Faculty Fellowship, the IBM Corporation Faculty Fellowship, the John E. Jeuck Faculty Fellowship, and the Neubauer Family Faculty Fellowship at The University of Chicago Booth School of Business.

Hans B. Christensen, Mark G. Maffett, and Thomas Rauter, The University of Chicago, Booth School of Business, Department of Accounting, Chicago, IL, USA.

Editor's note: Accepted by Edward J. Riedl.