Corruption fines does not affect returns to investments
The returns to investments in companies charged with corruption and fined by the US Securities and Exchange Commission is no less than the returns to similar non-corrupt companies.
These findings were presented by master students Kasper Vagle and Stian Tvetene in Bergens Tidende on June 17th 2016. The students have written their master thesis with a grant from NoCeT and the Norwegian Tax Administration.
Summary of the master thesis (in Norwegian)
Full text (in Norwegian)