The sharp proliferation of non and deferred prosecution agreements after 2002 is explained by a cluster of events: the collapse of Enron, the dismantling of Arthur Andersen, the creation of the Corporate Fraud Task Force, and the Thompson Memorandum.
Source quote, verbatim
The proliferation of N/DPAs after 2002 can be explained by a num- ber of factors, including the collapse of Enron, the dismantling of Arthur Ander- sen, the establishment of the Corporate Fraud Task Force, and the Thompson Memorandum.
From
Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014), V.A. NDPA PROLIFERATION, p. 24 https://ssrn.com/abstract=2486570 · source PDF
Cite as
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
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mechanismsupport: evidencedcompliance
Related claims
extendskaal:claim:2273857-063 Almost 300 deferred prosecution agreements have been executed since 2003, whereas before 2003 they were rarely...
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