The Walls Have Ears: Local Information Environments and Corporate Fraud
研究发现，当地银行网点密度越高，企业欺诈越容易被发现和更快被查处，从而降低企业欺诈倾向，揭示了地方信息环境在欺诈检测中的空间作用。
Abstract This paper shows that a firm's likelihood of committing corporate fraud is affected by the local information environment. We use the density of local bank branch networks as a proxy for the local information environment. We show that denser bank branch networks increase the likelihood of fraud detection, accelerate the detection of fraud, and decrease the fraud propensity of local firms. Our results cannot be explained by the clustering of firms in urban areas, geographic proximity to regulators, or other location effects. Overall, our study identifies a spatial dimension in the detection and prevention of corporate fraud.