20.500.12556/RUL-145693 Reported corporate misconducts the impact on the financial markets This study empirically examines how reported corporate misconducts affect the stock returns of US firms. As the reported misconducts are broadcasted in the newspaper outlets, the cumulative abnormal return (CAR) is -4.1%. Involvement in a reported corporate misconduct gets punished by market participants especially when the act of reported misconduct is blamed on the level of the corporation rather than in involvement of a specific individual, when reported misconducts take place in the home market, and when the linguistic tone used in the newspaper article is negative. Financial penalties imposed, firm size, leverage, revenue growth, and the level of firm foreign exposure are found to have significant impact on the returns during the period of observation. The results suggest that investors recognize the importance to penalize firms in the financial markets when firms act unethically. corporations financial markets investments finance stock markets linguistic geography human rights regression analysis economic impact analysis speech signal processing korporacije finančni trg investicije true false true Angleški jezik Slovenski jezik Članek v reviji 2023-05-09 14:00:18 2023-05-09 14:11:17 2024-08-27 15:08:31 0000-00-00 00:00:00 2022 0 0 12 str. iss. 2, art. e0276637 Vol. 18 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005.3 1932-6203 10.1371/journal.pone.0276637 125803523 Reported_corporate_misconducts_The_impact_on_the_financial_markets.pdf Reported_corporate_misconducts_The_impact_on_the_financial_markets.pdf 1 97A0C6F3A619B95291DBBF48E0E89164 6aad6910b40e22debee5f45f0f1b3c49d71d7023eb73baf994e09bc26ae68be8 3f9425b6-ee62-11ed-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=168677 https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0276637 0 4592a34f-ee62-11ed-a314-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=168678 Ekonomska fakulteta 0 0 0