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Regulatory Transparency and the Alignment of Private and Public Enforcement

Hutton, Amy P. - 2020

We propose and find that enhanced regulatory transparency facilitates alignment between private and public enforcement. Utilizing the SEC's 2004 decision to publicly disclose its comment letters, we explore the actions of a public enforcer (the SEC) and a private enforcer (shareholder...

Persistent link: https://www.econbiz.de/10012824121

Does PCAOB regulatory enforcement deter low quality audits?

Lamoreaux, Phillip T.; Mowchan, Michael J.; Zhang, Wei - 2022

Regulatory economics suggests that one benefit of public enforcement is the deterrence of improper conduct. Using a difference-in-differences design, we investigate whether a deterrence effect follows the revelation of PCAOB enforcement. We find that large audit firm offices improve audit...

Persistent link: https://www.econbiz.de/10013403447

Cross-border cooperation between securities regulators

Silvers, Roger - In: Journal of accounting & economics 69 (2020) 2/3, pp. 1-22

Persistent link: https://www.econbiz.de/10012237578

Institutional mobility in global capital markets

Hayes, Rachel M.; Silvers, Roger - 2024 - 1st edition

Persistent link: https://www.econbiz.de/10014634013

Optimal Internal Control Regulation : Standards, Penalties, and Leniency in Enforcement

Schantl, Stefan - 2020

To protect investors, regulators increasingly rely on regulating firms' internal controls over financial reporting, but they punish noncompliance only if an internal control weakness enabled accounting manipulation. In other words, enforcement is manipulation-contingent. We develop an economic...

Persistent link: https://www.econbiz.de/10012852934

Regulatory Enforcement in OTC Markets

Cazier, Richard A.; Huang, Jianning; Zhou, Fuzhao - 2021

Regulators of over-the-counter (OTC) markets face a unique enforcement challenge. OTC markets are particularly susceptible to investor fraud, but prior research indicates regulators prefer to focus their enforcement efforts on larger, exchange-listed firms. We shed light on the SEC’s tailored...

Persistent link: https://www.econbiz.de/10013251873

The contribution of transgovernmental networks of regulators to international regulatory co-operation

Abbott, Kenneth W.; Kauffmann, Céline; Lee, Jeong-Rim - 2018

and pitfalls of various approaches to international regulatory co-operation (IRC) as identified in OECD (2013 …), International Regulatory Co-operation: Addressing Global Challenges. In order to fill the knowledge gap, this study provides a … Harmonization Working Party (AHWP) on medical devices, the International Association of Insurance Supervisors (IAIS), and the …

Persistent link: https://www.econbiz.de/10011924629

The Regulatory Observer Effect : Large-Sample Evidence from SEC Investigations

Blackburne, Terrence - 2020

Drawing on financial reporting, institutional, and social psychology theories, we consider whether awareness of SEC scrutiny affects the extent to which managers exercise financial reporting discretion. Because there is a higher probability that the SEC will detect misconduct and impose...

Persistent link: https://www.econbiz.de/10012844687

Regulatory Oversight and Auditor Market Share

Aobdia, Daniel - 2017

international inspection program as a setting to generate within country variation in regulatory oversight, we find that non …

Persistent link: https://www.econbiz.de/10012960465

Corporate Scandals and Regulation

Hail, Luzi - 2018

Are regulatory interventions delayed reactions to market failures or can regulators proactively pre-empt corporate misbehavior? From a public interest view, we would expect “effective” regulation to ex ante mitigate agency conflicts between corporate insiders and outsiders, and prevent...

Persistent link: https://www.econbiz.de/10012934117

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