kaal:claim:2486570-007

The authors contest the conventional wisdom that a corporate criminal indictment amounts to a corporate death penalty, pointing to recent guilty pleas in which BNP Paribas paid a record fine and Credit Suisse kept its investment banking license.

Several recent plea deals call into question the 'death penalty' the- ory.

Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014), II. CORPORATE NON- AND DEFERRED PROSECUTION AGREEMENTS, p. 10
https://ssrn.com/abstract=2486570 · source PDF

Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570

failuresupport: evidencedfailure: corporate-death-penalty-overstatedfamily: enforcement-gapinstitutional-design

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Attestation record: colloquium/attestations/e7e3046df912e74f...json
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