Definition
A parking violation is the act of parking a motor vehicle in a restricted place or for parking in an unauthorized manner. It is against the law virtually everywhere to park a vehicle in the middle of a highway or road; parking on one or both sides of a road, however, is commonly permitted. However, restrictions apply to such parking, and may result in an offense being committed. Such offenses are usually cited by a police officer or other government official in the form of a traffic ticket.
Parking Violation
What is ‘Parking Violation’
The illegal practice of an acquiring company concealing ownership of the target company by holding stock under a related third party before attempting corporate takeover.
Explaining ‘Parking Violation’
Unlike the parking violations that many of us as drivers commit inadvertently, this type of violation is deliberately hostile. By having a third party hold significant portions of stock, the acquiring company can prepare for a takeover without exceeding certain ownership reporting levels and alerting the target company.
Further Reading
- The financial and market effects of the SEC's accounting and auditing enforcement releases – www.jstor.org [PDF]
- Lessons from the financial crisis – heinonline.org [PDF]
- Detecting GAAP violation: Implications for assessing earnings management among firms with extreme financial performance – www.sciencedirect.com [PDF]
- Corruption, norms, and legal enforcement: Evidence from diplomatic parking tickets – www.journals.uchicago.edu [PDF]
- Is earnings quality associated with corporate social responsibility? – meridian.allenpress.com [PDF]
- Cultures of corruption: evidence from diplomatic parking tickets – www.nber.org [PDF]
- Predicting the spatiotemporal legality of on-street parking using open data and machine learning – www.tandfonline.com [PDF]
- The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey – www.sciencedirect.com [PDF]
- Board composition and earnings management in Canada – www.sciencedirect.com [PDF]
- Cities as risk managers: the impact of Chicago's parking meter P3 on municipal governance and transportation planning – journals.sagepub.com [PDF]
