People often seek to understand what the New York Times’ most recent corporate scandals report means for their business or for the world at large. Unfortunately, this level of curiosity often results in them spending more time than necessary reading complicated articles with lengthy introductions. This week, let’s change their tune; we’ll introduce them to the work of a scholar whose specialty is explaining economic trends to journalists in easy-to-understand language.

The Robert Pattinson Research Report

In a strategic alliance with the New York Times, corporate scandals are now available to the public as the Times’ research data, in the form of the Robert Pattinson research report. This new report is the result of a collaborative relationship between the Times and the Robert Pattinson Group, an organization that focuses on providing strategic advice to large private and public companies. For more than 30 years, the Robert Pattinson Group has been advising businesses of all sizes on financial and operational issues. The firm’s specialists have extensive experience in deciphering corporate financial reports and identifying underlying issues that companies may be facing. Additionally, the researchers behind the Robert Pattinson report possess comprehensive understanding of business trends, which they leverage to frame highly strategic analyses. This dual perspective benefits their clients, who receive actionable and objective advice that is supported by an in-depth knowledge of what’s happening in the world of business.

Why Are Economists Important?

Economists study the economy, which is why they are important. This study can take many forms, such as examining historical economic data, creating mathematical models that attempt to predict future trends, or performing careful analyses of what’s already happening. Often, the information that economists gather is complex and requires specialized knowledge to properly interpret. The goal of any economic analysis is to distil that complex information into accessible and actionable insights that executives and other decision-makers can understand and act upon.

What Is a Financial Scandal?

A financial scandal is when an individual or corporate entity enters into a material transaction that is prohibited by law or involves deception. In some cases, this may also entail an inaccurate public disclosure, as in the case of Leona Helmsley, the lady known for her well-publicized $20 million duplicate-deed gift to the Metropolitan Museum of Art in the 1980s. In other cases, the scandal may be more subtle in nature and may not even involve illegal activity, such as insider trading or penny stock manipulation. Regardless, the end result is generally the same: a decrease in the value of an organization or individual and, ultimately, a financial loss. When a business or individual falls victim to a financial scandal, those affected may experience loss of reputation, loss of clients, or legal problems. This, in turn, may lead to loss of livlihood. Thus, it is not at all surprising that so many individuals and corporations try to keep financial scandals a secret, for fear of the consequences.

How Can an Economist Study Corporate Scandals?

Economists can and do study corporate scandals because they can. Simply put, the Times’ new research partner allowed the Robert Pattinson Group to access private company information and financial statements relating to the construction industry, specifically the residential construction sector. We were then able to use that information to create a dataset that we could feed into a statistical software program-one that, specifically, does corporate scandal analysis. With that data, we were able to construct a matrix that contained all of the relevant information about the over 250 companies in the dataset. This is a unique set of data, because it contains everything from a company’s description to its financial analysis, to legal documents and incidents of corruption that the company is involved in. By combining all of that information in one place, we are able to offer a holistic view of a company’s corporate scandal history. Additionally, we were able to create a clear overview of how each company is perceived by the marketplace (as rated by analysts), its profitability, and its long-term viability. We can then use that information to formulate a strategic plan of action, specifically for our client, the company that we were analysing. This plan of action could include recommendations on strategy (such as which markets to focus upon, and whether to divide the company into a public and a private portion), as well as detailed action items, such as hiring a specific type of accountant or lawyer.

What Kinds of Corporate Scandals Exist?

There are many different kinds of corporate scandals. While many are the result of criminal activity, such as insider trading or Ponzi scheme financing, others stem from less egregious sources. For example, a public company may issue a fraudulent statement to the investor public, which in turn, causes share price to drop and causes financial loss to those who buy and sell their stock. In other cases, a company may be found to have misappropriated company resources, such as computing power or materials, for a personal benefit. Companies can also be the victim of bribery or payments to public officials in order to gain an unfair advantage in a global marketplace.

What Is the Most Prevalent Type of Corporate Scandal?

The most prevalent type of corporate scandal is one that stems from a company misusing its resources for personal benefit. This may involve the company giving an executive member special treatment, such as offering him or her a car or house as a reward for special services (or taking such advantages for the company) or misusing company resources for personal gain, such as by consenting to a payout to a group of shareholders that exceeds the company’s profits. In other words, the most prevalent type of corporate scandal involves a lack of moral courage-that people are more likely to go along with something that they consider to be a benefit to themselves rather than an end result.