The Deterrence Effect of Whistleblowing
Research output: Working paper
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The Deterrence Effect of Whistleblowing. / Johannesen, Niels; Stolper, Tim .
2017.Research output: Working paper
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TY - UNPB
T1 - The Deterrence Effect of Whistleblowing
AU - Johannesen, Niels
AU - Stolper, Tim
PY - 2017
Y1 - 2017
N2 - We document that the first leak of customer information from a tax haven bank caused a signifficant decrease in the market value of Swiss banks known to be assisting with tax evasion and that the decrease was largest for the banks most strongly involved. These findings suggest that markets expected the leak to increase the perceived risk of committing and assisting with tax evasion and thus to lower both demand and supply in the market for criminal offshore banking services. This interpretation finds support in further evidence that the leak caused a sharp drop in foreign-owned deposits in tax havens.
AB - We document that the first leak of customer information from a tax haven bank caused a signifficant decrease in the market value of Swiss banks known to be assisting with tax evasion and that the decrease was largest for the banks most strongly involved. These findings suggest that markets expected the leak to increase the perceived risk of committing and assisting with tax evasion and thus to lower both demand and supply in the market for criminal offshore banking services. This interpretation finds support in further evidence that the leak caused a sharp drop in foreign-owned deposits in tax havens.
KW - Faculty of Social Sciences
KW - whistleblowing
KW - economic crime
KW - tax evasion
KW - tax havens
M3 - Working paper
T3 - EPRU Working Paper Series
BT - The Deterrence Effect of Whistleblowing
ER -
ID: 185616810