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Edmans, Alex - 2013

This paper models the effect of disclosure on real investment. We show that, even if the act of disclosure is costless, a high-disclosure policy can be costly. Some information ("soft") cannot be disclosed. Increased disclosure of "hard" information augments absolute information and reduces the...

Persistent link: https://www.econbiz.de/10012459240

Incentive Effects of Social Assistance : A Regression Discontinuity Approach

Lemieux, Thomas - 2004

We examine the incentive effects of transfer programs using a unique policy episode. Prior to 1989, social assistance recipients without children in Quebec who were under age 30 received benefits 60 percent lower than recipients older than 30. We use this sharp discontinuity in policy to...

Persistent link: https://www.econbiz.de/10012468152

When Investor Incentives and Consumer Interests Diverge : Private Equity in Higher Education

Eaton, Charlie - 2018

This paper studies how private equity buyouts create value in higher education, a sector with opaque product quality and intense government subsidy. With novel data on 88 private equity deals involving 994 schools, we show that buyouts lead to higher tuition and per-student debt. Exploiting loan...

Persistent link: https://www.econbiz.de/10012480629

Screening in Contract Design : Evidence from the ACA Health Insurance Exchanges

Geruso, Michael - 2016

begin by showing that Exchange risk adjustment and reinsurance succeed in neutralizing selection incentives for most, but …

Persistent link: https://www.econbiz.de/10012455848

The Information Content of Corporate Earnings : Evidence from the Securities Exchange Act of 1934

Binz, Oliver; Graham, John R. - National Bureau of Economic Research - 2022

We examine whether the Securities Exchange Act of 1934 increased the information content of corporate earnings disclosures. Prior research questions whether the Act improved disclosure quality but generally relies on long-window tests and yields mixed results. We focus on whether the Act...

Persistent link: https://www.econbiz.de/10012938716

The Real Effects of Mandatory CSR Disclosure on Emissions : Evidence from the Greenhouse Gas Reporting Program

Yang, Lavender; Muller, Nicholas Z.; Liang, Pierre Jinghong - National Bureau of Economic Research - 2021

We examine the real effects of the Greenhouse Gas Reporting Program (GHGRP) on electric power plants in the United States. Starting in 2010, the GHGRP requires both the reporting of greenhouse gas emissions by facilities emitting more than 25,000 metric tons of carbon dioxide per year to the...

Persistent link: https://www.econbiz.de/10012599274

Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments

Greenstone, Michael - 2005

The 1964 Securities Acts Amendments extended the mandatory disclosure requirements that had applied to listed firms since 1934 to large firms traded Over-the-Counter (OTC). We find several pieces of evidence indicating that investors valued these disclosure requirements, two of which are...

Persistent link: https://www.econbiz.de/10012467201

Is Pollution Value-Maximizing? The DuPont Case

Shapira, Roy - 2017

DuPont, one of the most respectable U.S. companies, caused environmental damage that ended up costing the company around a billion dollars. By using internal company documents disclosed in trials we rule out the possibilities that this bad outcome was due to ignorance, an unexpected realization,...

Persistent link: https://www.econbiz.de/10012010571

Internalizing Externalities : Disclosure Regulation for Hydraulic Fracturing, Drilling Activity and Water Quality

Bonetti, Pietro; Leuz, Christian; Michelon, Giovanna - National Bureau of Economic Research - 2023

The rise of shale gas and tight oil development has triggered a major debate about hydraulic fracturing (HF). In an effort to mitigate risks from HF, especially with respect to water quality, many U.S. states have introduced disclosure mandates for HF wells and fracturing fluids. We use this...

Persistent link: https://www.econbiz.de/10013537736

Financial Incentives and Other Nudges Do Not Increase COVID-19 Vaccinations among the Vaccine Hesitant

Chang, Tom; Jacobson, Mireille; Shah, Manisha; … - National Bureau of Economic Research - 2021

Can financial incentives, public health messages and other behavioral nudges -approaches deployed by state and local …-2021, we randomly assigned unvaccinated members of a Medicaid managed care health plan to $10 or $50 financial incentives … treatments increased overall vaccination rates. Consistent with backlash concerns, financial incentives and negative messages …

Persistent link: https://www.econbiz.de/10012660081

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