Korkeamäki, Timo; Rainio, Elina; Takalo, Tuomas - Suomen Pankki - 2010
A sweeping and protracted reform of corporate law took place in Finland in the 1970s. The reform brought significant improvements to investor protection and, similar to the US Sarbanes-Oxley Act, tightened disclosure rules at the cost of increasing the work load in corporate reporting. We find...