With corporate fraud costing the offending stock’s shareholders 22% of the enterprise value, according to a 2014 academic study, how can investors identify stocks where fraud is a problem? Listen to employee’s anonymous ratings on the website Glassdoor, says a new study.
High job satisfaction leads to low corporate fraud instances
Glassdoor is a website that enables company employees to rate their employer, the work environment and the quality of executive management in an anonymous setting on a scale of 1 to 5.
Academics studied all entries from 2008 to 2015,...
