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dc.contributor.authorDimmock, Stephen G.en
dc.contributor.authorGerken, William C.en
dc.contributor.authorGraham, Nathaniel P.en
dc.identifier.citationDimmock, S. G., Gerken, W. C., & Graham, N. P. (2018). Is fraud contagious? Coworker influence on misconduct by financial advisors. The Journal of Finance, 73(3), 1417-1450. doi:10.1111/jofi.12613en
dc.description.abstractUsing a novel data set of U.S. fi nancial advisors that includes individuals' employment histories and misconduct records, we show that co-workers influence an individual's propensity to commit financial misconduct. We identify co-workers' effect on misconduct using changes in co-workers caused by mergers of financial advisory firms. The tests include merger-fi rm fixed effects to exploit the variation in changes to co-workers across branches of the same fi rm. The probability of an advisor committing misconduct increases if his new co-workers, encountered in the merger, have a history of misconduct. This effect is stronger between demographically similar co-workers.en
dc.format.extent66 p.en
dc.relation.ispartofseriesThe Journal of Financeen
dc.rights© 2018 The American Finance Association. All rights reserved. This paper was published in Journal of Finance and is made available with permission of The American Finance Association.en
dc.subjectFinancial Misconducten
dc.subjectFinancial Advisorsen
dc.titleIs fraud contagious? Coworker influence on misconduct by financial advisorsen
dc.typeJournal Articleen
dc.contributor.schoolCollege of Business (Nanyang Business School)en
dc.description.versionAccepted versionen
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