Showing 1 - 10 of 21
We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation and a major enforcement reform in Germany, we find that forcing firms to publicly disclose their financial statements discourages innovative activities. Our evidence suggests...
Persistent link: https://www.econbiz.de/10012655962
We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation and a major enforcement reform in Germany, we find that forcing firms to publicly disclose their financial statements discourages innovative activities. Our evidence suggests...
Persistent link: https://www.econbiz.de/10012705621
"This paper examines capital market effects of changes in securities regulation. We analyze two key capital market directives in the European Union (EU) that tightened market abuse and transparency regulation and, in particular, their enforcement. All EU member states were required to adopt...
Persistent link: https://www.econbiz.de/10008842315
Persistent link: https://www.econbiz.de/10011349382
Persistent link: https://www.econbiz.de/10010243020
Persistent link: https://www.econbiz.de/10010434750
Persistent link: https://www.econbiz.de/10011500056
This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in market responses to earnings news after public audit oversight is introduced, exploiting that the regime onset depends on fiscal year-ends, auditors, and the rollout of auditor...
Persistent link: https://www.econbiz.de/10013015984
This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation, drawing on U.S. and international evidence. Given the policy relevance of research on regulation, we highlight the challenges with (1) quantifying regulatory costs and...
Persistent link: https://www.econbiz.de/10012935619
Persistent link: https://www.econbiz.de/10012659674