Economics at your fingertips  

The Deterrence Effect of Whistleblowing

Niels Johannesen and Tim B.M. Stolper

Journal of Law and Economics, 2021, vol. 64, issue 4, 821 - 855

Abstract: We document that the first leak of customer information from a tax-haven bank caused a sudden flight of deposits from tax havens and a sharp decrease in the market value of banks known to be assisting with tax evasion. The loss of market value was largest for the banks most strongly involved in tax evasion. Subsequent leaks had qualitatively similar although smaller effects. Our findings suggest that whistleblowing in tax-haven banks deters offshore tax evaders by increasing the perceived risk of committing and assisting with tax evasion.

Date: 2021
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: The deterrence effect of whistleblowing (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Journal of Law and Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

Page updated 2022-11-10
Handle: RePEc:ucp:jlawec:doi:10.1086/715197