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UID:c7955547d303b16a4623594109bfc8da
DTSTAMP:20240501T225302Z
SUMMARY:Audra Boone\, PhD\, Professor of Finance\, Neeley School of Busines
 s at Texas Christian University
DESCRIPTION: \n\nPRODUCT DIFFERENTIATION\, BENCHMARKING\, AND CORPORATE FRA
 UD\n\nWe find that firms with lower product market differentiation exhibit
 \nsignificantly lower rates of fraud. This relationship is more\npronounce
 d for complex firms and is robust to controlling for various\nmeasures of 
 competition\, predictors of fraud\, and industry\nheterogeneity. To help e
 stablish causality\, we show this relationship\nholds when we exploit chan
 ges in product differentiation stemming from\nrivals’ IPO and acquisitio
 n activity. Finally\, we find that IPOs\n(and acquisitions) of rivals faci
 litate the detection of fraud for\nfirms with ex ante greater product diff
 erentiation. Overall\, our\nfindings suggest that lower differentiation di
 sciplines firms by\nfacilitating fraud detection through a benchmarking ch
 annel.\n\nRead more [https://sites.google.com/site/audralboone/] about Dr.
 \nBoone.\n 
DTSTART:20181005T150000Z
DTEND:20181005T163000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, TBD\, Philadelphia\, PA
  19104
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