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Deshelling the Shell Companies Using Benford’s Law: An Emerging Market Study

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  • Venuka Aggarwal
  • Khushdeep Dharni

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  • Venuka Aggarwal & Khushdeep Dharni, 2020. "Deshelling the Shell Companies Using Benford’s Law: An Emerging Market Study," Vikalpa: The Journal for Decision Makers, , vol. 45(3), pages 160-169, September.
    • Handle: RePEc:sae:vikjou:v:45:y:2020:i:3:p:160-169
    DOI: 10.1177/0256090920979695
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    References listed on IDEAS

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    1. Bernhard Rauch & Max Göttsche & Gernot Brähler & Stefan Engel, 2011. "Fact and Fiction in EU‐Governmental Economic Data," German Economic Review, Verein für Socialpolitik, vol. 12(3), pages 243-255, August.
    2. Keith L. Jones & Gopal V. Krishnan & Kevin D. Melendrez, 2008. "Do Models of Discretionary Accruals Detect Actual Cases of Fraudulent and Restated Earnings? An Empirical Analysis," Contemporary Accounting Research, John Wiley & Sons, vol. 25(2), pages 499-531, June.
    3. Kalaichelvan, Mohandass & Lim Kai Jie, Shawn, 2012. "A Critical Evaluation of the Significance of Round Numbers in European Equity Markets in Light of the Predictions from Benford’s Law," MPRA Paper 40960, University Library of Munich, Germany.
    4. Florian El Mouaaouy & Jan Riepe, 2018. "Benford and the Internal Capital Market: A Useful Indicator of Managerial Engagement," German Economic Review, Verein für Socialpolitik, vol. 19(3), pages 309-329, August.
    5. repec:bla:germec:v:11:y:2010:i::p:397-401 is not listed on IDEAS
    6. Diekmann Andreas & Jann Ben, 2010. "Benford’s Law and Fraud Detection: Facts and Legends," German Economic Review, De Gruyter, vol. 11(3), pages 397-401, August.
    7. Robert Ullmann & Christoph Watrin, 2017. "Detecting Target-Driven Earnings Management Based on the Distribution of Digits," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 44(1-2), pages 63-93, January.
    8. Fewster, R. M., 2009. "A Simple Explanation of Benford's Law," The American Statistician, American Statistical Association, vol. 63(1), pages 26-32.
    9. Andreas Diekmann, 2007. "Not the First Digit! Using Benford's Law to Detect Fraudulent Scientif ic Data," Journal of Applied Statistics, Taylor & Francis Journals, vol. 34(3), pages 321-329.
    10. Juan Miguel Campanario & María Angeles Coslado, 2011. "Benford’s law and citations, articles and impact factors of scientific journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 88(2), pages 421-432, August.
    11. Fatima Alali & Silvia Romero, 2013. "Characteristics of failed U.S. commercial banks: an exploratory study," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 53(4), pages 1149-1174, December.
    12. Floros, Ioannis V. & Sapp, Travis R.A., 2011. "Shell games: On the value of shell companies," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 850-867, September.
    13. Mark J. Nigrini, 2019. "The patterns of the numbers used in occupational fraud schemes," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 34(5), pages 606-626, May.
    14. Dorfleitner, Gregor & Klein, Christian, 2009. "Psychological barriers in European stock markets: Where are they?," Global Finance Journal, Elsevier, vol. 19(3), pages 268-285.
    15. Diego Ravenda & Maika M. Valencia-Silva & Josep Maria Argiles-Bosch & Josep Garcia-Blandon, 2018. "Accrual management as an indication of money laundering through legally registered Mafia firms in Italy," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 31(1), pages 286-317, January.
    16. Robert Ochoki Nyamori & Abu Shiraz Abdul-Rahaman & Grant Samkin, 2017. "Accounting, auditing and accountability research in Africa," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 30(6), pages 1206-1229, August.
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    Cited by:

    1. Eutsler, Jared & Kathleen Harris, M. & Tyler Williams, L. & Cornejo, Omar E., 2023. "Accounting for partisanship and politicization: Employing Benford's Law to examine misreporting of COVID-19 infection cases and deaths in the United States," Accounting, Organizations and Society, Elsevier, vol. 108(C).
    2. de Araújo Silva, Archibald & Aparecida Gouvêa, Maria, 2023. "Study on the effect of sample size on type I error, in the first, second and first-two digits excessmad tests," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
    3. Noah Farhadi & Hooshang Lahooti, 2023. "In Data We Trust: Proving Market Manipulation on the Tehran Stock Exchange," International Journal of Business and Management, Canadian Center of Science and Education, vol. 17(4), pages 1-1, February.

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