The Construction of a Trustworthy Investment Opportunity: Insights from the Madoff Fraud
2013; Wiley; Volume: 31; Issue: 2 Linguagem: Inglês
10.1111/1911-3846.12039
ISSN1911-3846
AutoresHervé Stolowy, Martin Messner, Thomas Jeanjean, C. Richard Baker,
Tópico(s)Financial Reporting and Valuation Research
ResumoContemporary Accounting ResearchVolume 31, Issue 2 p. 354-397 Article The Construction of a Trustworthy Investment Opportunity: Insights from the Madoff Fraud† Hervé Stolowy, Hervé Stolowy HEC ParisSearch for more papers by this authorMartin Messner, Martin Messner University of InnsbruckSearch for more papers by this authorThomas Jeanjean, Thomas Jeanjean ESSEC Business SchoolSearch for more papers by this authorC. Richard Baker, C. Richard Baker Adelphi University and Neoma Business SchoolSearch for more papers by this author Hervé Stolowy, Hervé Stolowy HEC ParisSearch for more papers by this authorMartin Messner, Martin Messner University of InnsbruckSearch for more papers by this authorThomas Jeanjean, Thomas Jeanjean ESSEC Business SchoolSearch for more papers by this authorC. Richard Baker, C. Richard Baker Adelphi University and Neoma Business SchoolSearch for more papers by this author First published: 09 April 2013 https://doi.org/10.1111/1911-3846.12039Citations: 36 †Accepted by Yves Gendron. The authors express their gratitude to all their interview partners and, especially, to Madoff's investors who accepted, despite their pain and often financially distressed situation, to be interviewed for this research. The authors gratefully acknowledge comments by Diane-Laure Arjaliès, Thierry Foucault, Yves Gendron, Chris Humphrey, Lambert Jerman, Nancy Leo, Sabina du Rietz, two anonymous reviewers, participants at the EAA Annual Meeting (Rome, April 2011) and AFC Annual Meeting (Montpellier, May 2011), and workshop participants at York University (October 2010), Paris Dauphine University (February 2011), the University of Manchester (February 2011) and the University of Bristol (March 2011). Responsibility for the ideas expressed, or for any errors, remains entirely with the authors. Thomas Jeanjean and Hervé Stolowy acknowledge the financial support of the European Commission (INTACCT project, contract No. MRTN-CT-2006-035850). Hervé Stolowy is a member of the GREGHEC, CNRS Unit, UMR 2959. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat References Ackerman, A. 2011. House panel's head backs budget increase for SEC. Wall Street Journal., September 15. 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