Showing 1 - 10 of 5,913
Persistent link: https://www.econbiz.de/10000924796
We test the predictability of investment fraud using a panel of mandatory disclosures filed with the SEC. We find that disclosures related to past regulatory and legal violations, conflicts of interest, and monitoring have significant power to predict fraud. Avoiding the 5% of firms with the...
Persistent link: https://www.econbiz.de/10013125592
We show that U.S. analysts alter their behavior in response to a randomly assigned shock that exogenously varies the timeliness and cost of accessing companies' mandatory disclosures in the cross-section of investors: analysts reduce the number of stocks they cover, issue less optimistic and...
Persistent link: https://www.econbiz.de/10012836590
failed to influence — federal securities regulation and state corporate law, and the prospective roles for the EMH in these … contexts. In federal securities regulation, the EMH has offered a theoretical construct to accompany the general belief in the …
Persistent link: https://www.econbiz.de/10013100915
Leadership behaviors of wildland firefighting teams engaged in firefighting activities are “shared” despite the existence of a highly bureaucratic and hierarchical organizational structure. This paradoxical type of leadership appears to be based on individual perceptions of the effectiveness...
Persistent link: https://www.econbiz.de/10013226275
We show that realized volatility, especially the realized volatility of financial sector stock returns, has strong predictive content for the future distribution of market returns. This is a robust feature of the last century of U.S. data and, most importantly, can be exploited in real time....
Persistent link: https://www.econbiz.de/10011868395
This paper investigates the impact of the copper access regulation on broadband adoption in each technology (xDSL on … 15 European countries dataset we find a negative impact of copper access regulation on fiber and cable modem adoption …. The copper access regulation is measured by two variables: The copper access charge and the copper wholesale access share …
Persistent link: https://www.econbiz.de/10013087566
In the last year, many advocates have called for the imposition of Carterfone regulation on the wireless industry. The … similar wireless Carterfone regulation to all commercial wireless spectrum could suppress wireless infrastructure investment … regulation across the board is likely to cause particular harm to small or medium-sized wireless firms by enhancing the role of …
Persistent link: https://www.econbiz.de/10014218521
We examine the spillover effects of the Global Analyst Research Settlement (or Global Settlement) on analysts' earnings forecasts in 40 developed and emerging markets. Prior to the Global Settlement, analysts generally made overly optimistic forecasts, this bias tending to be higher in countries...
Persistent link: https://www.econbiz.de/10012905642
to analyze how financial market regulation in the United States has developed in response to the global financial crisis …. Our framework combines elements from game theory, political science, the economics of regulation, and behavioral finance …
Persistent link: https://www.econbiz.de/10013139682