... in a manner considerably similar to their counterparts in other industries. According to Van Erp (2011) , preventing others from subsequent violation is an important function of sanctions. However, deterrence can only be achieved where such financial sanctions have a very strong impact on the budget...

...Mohamad Jamal Zeidan Purpose The purpose of this paper is to examine the effects of corporate illegality on financial performance within the banking industry, in order to assess whether the regulatory framework is effective in curbing violations. Design/methodology/approach The operating...