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Reactions of powerful CEOs to accusations of illegal activity
Date:
2013
Type:
Text
Source:
Proceedings of the 43rd Atlantic Schools of Business conference, St. Francis Xavier University, 2013, pp 252-266
Abstract:
We examine how CEOs use power to address public accusations of illegal activity by the firm. Results from a sample of S&P500 firms are consistent with models of cognitive framing and circulation of power, and suggest that powerful CEOs attempt to reduce uncertainty by resolving the accusation, either by accepting a conviction or an out-of-court settlement.
Subject:
- Chief executive officers -- Attitudes
- Executive power
- Corporations -- Corrupt practices
- Commercial crimes
URI:
Link to Full Text
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