The purpose of this descriptive correlation study with a logistic regression analysis was to examine the relationship between SEC regulatory compliance or malfeasance and the economic performance of American, publicly traded financial institutions from 2005 through 2010. The research study examined three research questions. The research questions addressed the relationship between a company’s financial performance and associated regulatory malfeasance or compliance as well as the type and volume of regulatory violations. Three predictor variables were operationalized as follows: (a) regulatory compliance or malfeasance, (b) the type of malfeasance, and (c) the volume of malfeasance. The study researched 74 publicly traded financial institutions categorized under SIC 6211. The results demonstrated that (a) neither regulatory compliance nor malfeasance were statistically related to the financial performance of the financial institutions, and (b) no significant relationship exists between the volume or type of regulatory malfeasance and the financial performance of the institutions researched. A statistically significant relationship (p-value=0.054) was uncovered between one specific type of regulatory violation and financial performance. Companies with violations categorized as irresponsible or unfair treatment of customers reported the weakest financial performance. The results were determined using several statistical methods of analysis.
|School:||University of Phoenix|
|School Location:||United States -- Arizona|
|Source:||DAI-A 76/09(E), Dissertation Abstracts International|
|Subjects:||Accounting, Business administration, Finance|
|Keywords:||Business ethics, Dodd-Frank, Economic theory, Financial regulation, Regulatory compliance, Regulatory malfeasance|
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