...Alexandra A. Scherf ABSTRACT Public corruption is a concern for democracies around the world. In the U.S., states have responded to this issue by publishing personal financial disclosures (PFDs) for public officials online. PFDs are a conflict-of-interest disclosure designed to relieve agency...

...Anand Jha; Manoj Kulchania; Jared Smith ABSTRACT Using data on corruption convictions from the U.S. Department of Justice, we find that auditors charge higher fees when a firm is headquartered in a more corrupt district. This result is robust to a wide range of time and location fixed effects...

...Paul M. Healy; George Serafeim ABSTRACT We use Transparency International's ratings of self-reported anticorruption efforts to analyze factors underlying the ratings. Our tests examine whether these disclosures reflect firms' real efforts to combat corruption or are cheap talk. We find...

.... Finally, we find that accounting and auditing matter only in countries with relatively high corruption levels, indicating that the World Bank has greater trust that accounting and auditing are of relatively high quality in low-corruption countries. Data Availability: All data are publicly...