The Effect of Financial Resources on Misconduct: Evidence from Lottery Ticket Sales

被引：0
作者：
Frake, Justin [1 ]
Byun, Heejung [2 ]
Kim, Jihyeon [3 ]
机构：
[1] Univ Michigan, Ross Sch Business, Ann Arbor, MI 48109 USA
[2] Purdue Univ, Daniels Sch Business, W Lafayette, IN 47907 USA
[3] Purdue Univ, W Lafayette, IN 47907 USA
来源：
ORGANIZATION SCIENCE | 2025年 / 36卷 / 01期
关键词：
deviance; economics and organization; economic sociology; ethics; social responsibility; statistics and analyses; dynamic analysis/event history methods; misconduct; wrongdoing; financial resources; retailers; SOCIAL-CLASS; BAD THINGS; DARK SIDE; ORGANIZATIONS; PERFORMANCE; MODEL; INDIVIDUALS; SPILLOVERS; ANTITRUST; BEHAVIOR;
D O I：
10.1287/orsc.2023.17541
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
We investigate the influence of financial resources on a firm's propensity for misconduct. Previous studies offer conflicting predictions regarding the relationship, and much of the empirical evidence suffers from issues like selection, measurement error, reverse causality, and omitted variable bias. Leveraging a difference-in-differences design, we first examine quasirandom fluctuations in retailers' financial resources resulting from large windfalls from selling winning lottery tickets. Our results suggest that an increase in financial resources from selling a large winning lottery ticket reduces retailers' tobacco sales to minors. Next, to rule in strain theory and to rule out alternative explanations, we leverage a second natural experiment, heterogeneity analysis, an alternate measure of misconduct, and an online randomized experiment. In doing so, we provide plausibly causal evidence on the relationship between a firm's financial resources and its propensity for misconduct and provide potentially useful findings for policymakers and regulators.
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页数：22
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