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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...
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We examine the effect of the Jumpstart Our Business Startups (JOBS) Act on biotech startups, who conduct almost 40% of IPOs since 2012. Reduced compliance costs encourage innovation capital formation as biotech IPO volume increases 200% and proceeds rise by 30%. After the JOBS Act, biotech...
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), ökonomische Regulierung, interne Qualitätskontrolle, Wirtschaftsprüfungsgesellschaft als Partnerschaft, Kosten- und … work, audit quality, audit costs, economic regulation, engagement quality review, audit partnerships, cost and fee sharing …
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a source of exogenous variation, I find that firms most heavily affected by the regulation experience significantly …
Persistent link: https://www.econbiz.de/10011412402
disclosure regulation enacted in California, which mandates that firms disclose how they conduct due diligence to address their … rights performance improves following the regulation. The effects are stronger when firms face greater pressure from non …-governmental organizations (NGOs) and socially conscious shareholders, when customers have greater incentives to use the newly disclosed …
Persistent link: https://www.econbiz.de/10013212013
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
deregulation as a macroeconomic tool, and the political economy of financial regulation can create a one way ratchet effect toward … clear empirical evidence of deregulation's efficacy before weakening a particular regulation in an effort to stimulate the …
Persistent link: https://www.econbiz.de/10012839586