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Audit mandates, audit firms, and auditors
Breuer, Matthias; Le, Anthony; Vetter, Felix - 2023
Audits by private, third-party auditors are frequently mandated to ensure compliance with regulations (e.g., accounting or environmental standards). We examine how such mandates shape the market for audits. In our empirical examination, we focus on one of the oldest and most prominent audit...
Persistent link: https://www.econbiz.de/10014376044
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Reporting Regulation and Corporate Innovation
Breuer, Matthias; Leuz, Christian; Vanhaverbeke, Steven - 2020
We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation … discourages innovative activities. Our evidence suggests that reporting regulation has significant real effects by imposing … firms in a given industry. Thus, financial reporting regulation has important aggregate and distributional effects on …
Persistent link: https://www.econbiz.de/10012655962
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Reporting regulation and corporate innovation
Breuer, Matthias; Leuz, Christian; Vanhaverbeke, Steven - 2021
We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation … discourages innovative activities. Our evidence suggests that reporting regulation has significant real effects by imposing … firms in a given industry. Thus, financial reporting regulation has important aggregate and distributional effects on …
Persistent link: https://www.econbiz.de/10012705621
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Uneven regulation and economic reallocation: Evidence from transparency regulation
Breuer, Matthias; Breuer, Patricia - 2022
We investigate the impact of uneven transparency regulation across countries and industries on the location of economic … transparency regulation is negatively associated with the focal industry's economic activity in terms of inputs (e.g., employment …' transparency regulation is positively associated with the focal industry's economic activity. Our evidence suggests uneven …
Persistent link: https://www.econbiz.de/10013462156
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Intended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future research
Brüggemann, Ulf; Hitz, Jörg-Markus; Sellhorn, Thorsten - 2012
understanding of these effects. Based on the explicitly stated objectives of the EU's so-called 'IAS Regulation', we distinguish … the effectiveness of the IAS Regulation. We provide specific guidance for future research in this field. …
Persistent link: https://www.econbiz.de/10010281486
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Deutsche Crowdinvesting-Portale: Neue Geschäftsmodelle für KMU
Braun, Susanne - 2015
Crowdinvesting ist geprägt von einer Vielzahl von Partikularinteressen, wobei den Portalen eine Schnittstellenfunktion zukommt. Die Nutzung der durchaus vielversprechenden Potenziale dieser Finanzierungsform hängt maßgeblich davon ab, inwieweit es gelingt, den Informationsasymmetrien und...
Persistent link: https://www.econbiz.de/10011416319
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Embedded Supervision: How to Build Regulation into Decentralised Finance
Auer, Raphael A. - 2022
stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …
Persistent link: https://www.econbiz.de/10013353383
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Is regulation essential to stock market development? Going public in London and Berlin, 1900-1913
Burhop, Carsten; Chambers, David; Cheffins, Brian - 2011
This study of initial public offerings (IPOs) carried out on the Berlin and London stock exchanges between 1900 and 1913 casts doubt on the received law and finance wisdom that legally mandated investor protection is pivotal to the development of capital markets. IPOs that resulted in official...
Persistent link: https://www.econbiz.de/10010286711
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The Death of a Regulator: Strict Supervision, Bank Lending and Business Activity
Granja, João; Leuz, Christian - 2020
An important question in banking is how strict supervision affects bank lending and in turn local business activity. Supervisors forcing banks to recognize losses could choke off lending and amplify local economic woes. But stricter supervision could also change how banks assess and manage...
Persistent link: https://www.econbiz.de/10012655958
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Financial disclosure and market transparency with costly information processing
Di Maggio, Marco; Pagano, Marco - 2014
We study a model where some investors ("hedgers") are bad at information processing, while others ("speculators") have superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade externality: if speculators refrain from trading,...
Persistent link: https://www.econbiz.de/10010421123