The Deterrence Effect of Whistleblowing
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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The Deterrence Effect of Whistleblowing. / Johannesen, Niels; Stolper, Tim .
I: Journal of Law and Economics, Bind 64, Nr. 4, 11.2021, s. 821-855.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - The Deterrence Effect of Whistleblowing
AU - Johannesen, Niels
AU - Stolper, Tim
PY - 2021/11
Y1 - 2021/11
N2 - We document that the first leak of customer information from a tax-haven bank caused a sudden flight of deposits from tax havens and a sharp decrease in the market value of banks known to be assisting with tax evasion. The loss of market value was largest for the banks most strongly involved in tax evasion. Subsequent leaks had qualitatively similar although smaller effects. Our findings suggest that whistleblowing in tax-haven banks deters offshore tax evaders by increasing the perceived risk of committing and assisting with tax evasion.
AB - We document that the first leak of customer information from a tax-haven bank caused a sudden flight of deposits from tax havens and a sharp decrease in the market value of banks known to be assisting with tax evasion. The loss of market value was largest for the banks most strongly involved in tax evasion. Subsequent leaks had qualitatively similar although smaller effects. Our findings suggest that whistleblowing in tax-haven banks deters offshore tax evaders by increasing the perceived risk of committing and assisting with tax evasion.
U2 - 10.1086/715197
DO - 10.1086/715197
M3 - Journal article
VL - 64
SP - 821
EP - 855
JO - Journal of Law and Economics
JF - Journal of Law and Economics
SN - 0022-2186
IS - 4
ER -
ID: 288341998