Avoiding the Consequences of Repeated Misconduct: Stigma's Licence and Stigma's Transferability
Contributing to the literature on stigma and re-legitimation, this paper examines two ways
organizations may dampen the penalties associated with admissions of misconduct. Using a
matched sample of firms reporting earnings restatements (141 single restating firms and 141
multiple restating firms), we find (1) that the stigma associated with a first admission of
misconduct licences firms to engage in additional acts of misconduct without incurring the
same penalties the second time around, and (2) that firms can effectively regain legitimacy …
organizations may dampen the penalties associated with admissions of misconduct. Using a
matched sample of firms reporting earnings restatements (141 single restating firms and 141
multiple restating firms), we find (1) that the stigma associated with a first admission of
misconduct licences firms to engage in additional acts of misconduct without incurring the
same penalties the second time around, and (2) that firms can effectively regain legitimacy …
[PDF][PDF] Avoiding the Consequences of Repeated Misconduct: Stigma's Licence and Stigma's
< p> Contributing to the literature on stigma and re-legitimation, this paper examines two
ways organizations may dampen the penalties associated with admissions of misconduct.
Using a matched sample of firms reporting earnings restatements (141 single restating firms
and 141 multiple restating firms), we find (1) that the stigma associated with a first admission
of misconduct licences firms to engage in additional acts of misconduct without incurring the
same penalties the second time around, and (2) that firms can effectively regain legitimacy …
ways organizations may dampen the penalties associated with admissions of misconduct.
Using a matched sample of firms reporting earnings restatements (141 single restating firms
and 141 multiple restating firms), we find (1) that the stigma associated with a first admission
of misconduct licences firms to engage in additional acts of misconduct without incurring the
same penalties the second time around, and (2) that firms can effectively regain legitimacy …
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