Journal of
Marketing Development and Competitiveness
Scholar Gateway
Abstracts prior to volume 5(1) have been archived!Issue 5(1), October 2010 -- Paper AbstractsGirard (p. 9-22)Cooper (p. 23-32)Kunz-Osborne (p. 33-41)Coulmas-Law (p.42-46)Stasio (p. 47-56)Albert-Valette-Florence (p.57-63)Zhang-Rauch (p. 64-70)Alam-Yasin (p. 71-78)Mattare-Monahan-Shah (p. 79-94)Nonis-Hudson-Hunt (p. 95-106) 
JOURNAL OF ACCOUNTING AND FINANCE
Corporate Fraud: Does Board Composition Matter?
Author(s): Caroline Claro Hayek, Guclu Atinc
Citation: Caroline Claro Hayek, Guclu Atinc, (2018) "Corporate Fraud: Does Board Composition Matter?", Journal of Accounting and Finance, Vol. 18, ss. 2, pp. 10-25
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This study examines the impact of board characteristics (gray directors, multiple directorships and block holder representation on the board) on the occurrence of fraud. Our sample consists of fraud firms where the CEO was involved in fraud, during the period 1997-2007. Our results show that gray directors do not provide appropriate oversight of management and that limiting the number of multiple directorships they hold is associated with a greater likelihood of fraud occurrence. Lastly, we provide evidence of the importance of having block holder representation on the board in an effort to maintain an additional layer of monitoring and deter CEOs from engaging in fraudulent behavior.
