Showing 1 - 10 of 811
We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe …'s regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their … concentrate innovation among a few large firms in a given industry. In sum, financial reporting regulation has important …
Persistent link: https://www.econbiz.de/10012862416
feature of market economies, is inherently vulnerable to runs in all its forms (not just demand deposits). Bank regulation … aims at preventing bank runs. History shows two approaches to bank regulation: the use of high quality collateral to back …
Persistent link: https://www.econbiz.de/10012869236
We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation … by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for … activists who are willing to maintain a costly boycott to raise the likelihood of self-regulation. Results are reversed when the …
Persistent link: https://www.econbiz.de/10013071787
We provide causal evidence that regulation induced product shocks significantly impact aggregate demand and firm … receiving expedited review are more likely to suffer from regulation induced product shocks. Thus, it appears we may be trading …
Persistent link: https://www.econbiz.de/10012911697
quantitative estimates of the consequences of government regulation. We estimate the impact of restricting gender-based pricing in …
Persistent link: https://www.econbiz.de/10012780190
years of state commission regulation. Examples of an adaptive response pattern on the part of regulators, firms and …
Persistent link: https://www.econbiz.de/10012774607
The regulation of bank capital as a means of smoothing the credit cycle is a central element of forthcoming macro …-prudential regimes internationally. For such regulation to be effective in controlling the aggregate supply of credit it must be the case …
Persistent link: https://www.econbiz.de/10013110889
Regulations aimed at curbing the entry of large retail stores have been introduced in many countries to protect independent retailers. Analyzing a planning reform launched in the United Kingdom in the 1990s, I show that independent retailers were actually harmed by the creation of entry barriers...
Persistent link: https://www.econbiz.de/10013061111
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. However, the manager can use her...
Persistent link: https://www.econbiz.de/10012752291
the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …
Persistent link: https://www.econbiz.de/10013234403