TY  - UNPD
A1  - Cumming, Douglas J.
A1  - Firth, Christopher
A1  - Gathergood, John
A1  - Stewart, Neil
T1  - Covid, work-from-home, and securities misconduct
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 666
N2  - We consider whether traders are more likely to commit securities violations when trading at home, a new form of working induced by the Covid pandemic. We examine data pre- and post-Covid, during which some traders were unexpectedly forced to work at home. The data indicate the presence of both a treatment and a selection effect, where work at home exhibits fewer misconduct cases. Work at home is associated with fewer cases of trading misconduct, although no difference in communications misconduct. The economic significance of working from home on trading misconduct is large for both the treatment and selection effects.
T3  - CFS working paper series - 666 
KW  - Market Manipulation
KW  - Trading
KW  - Surveillance
KW  - Securities Regulation
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/62478
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-624787
UR  - https://ssrn.com/abstract=3973135
IS  - This Draft: October 18, 2021
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -