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Fifteen Minutes of Shame: A Multilevel Approach of the Antecedents and Effects of Corporate Accounting Scandals

Jimenez-Andrade, Jesus Rodolfo
http://orcid.org/0000-0002-4493-6332
http://rave.ohiolink.edu/etdc/view?acc_num=case1525741512409321

Abstract Details

2018, Doctor of Philosophy, Case Western Reserve University, Management.
The commonality of corporate scandals and the quest for who should be accountable motivates this investigation. I used a mixed method multilevel design that combines qualitative and quantitative data from organizations, executives, and capital markets, to address the research question of who is accountable in reputational scandals. The evidence suggests that reputational risk exposure increases when organizations' and executives' values are not aligned. Managers' values mediate the implementation of organizational values toward risk assessment. This counterintuitive finding suggests that securities value is not automatically depressed after scandalous events. Instead, shareholders dissipate potential doubt about the stability of firms, guided by analysts' revised expectations rather than judging ethical implications. As a consequence, executives may not face investors' disapproval, which would encourage them to focus on preventive efforts. Organizations and executives must align their ethical values to proactively protect their organizations' reputations. Financial performance indicators of firms do not influence the behavior of investors after scandals.
Timothy Fogarty (Committee Chair)
Kalle Lyytinen (Committee Member)
Gregory Jonas (Committee Member)
Douglas Prawitt (Committee Member)
172 p.
Accounting; Management
corporate scandals; organizational values; risk assessment; reputational risks; executives compensation; capital market response; analysts opinions

Recommended Citations

Citations

  • Jimenez-Andrade, J. R. (2018). Fifteen Minutes of Shame: A Multilevel Approach of the Antecedents and Effects of Corporate Accounting Scandals [Doctoral dissertation, Case Western Reserve University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=case1525741512409321

    APA Style (7th edition)

  • Jimenez-Andrade, Jesus. Fifteen Minutes of Shame: A Multilevel Approach of the Antecedents and Effects of Corporate Accounting Scandals. 2018. Case Western Reserve University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=case1525741512409321.

    MLA Style (8th edition)

  • Jimenez-Andrade, Jesus. "Fifteen Minutes of Shame: A Multilevel Approach of the Antecedents and Effects of Corporate Accounting Scandals." Doctoral dissertation, Case Western Reserve University, 2018. http://rave.ohiolink.edu/etdc/view?acc_num=case1525741512409321

    Chicago Manual of Style (17th edition)

case1525741512409321
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This open access ETD is published by Case Western Reserve University School of Graduate Studies and OhioLINK.