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There is only limited evidence of how small firms respond to size-based regulations applied in various countries. We study this question by examining the value-added tax (VAT) threshold in Finland. We find sizable bunching of firms in the sales distribution just below the exemption threshold,...
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. Nevertheless, regulators' ongoing efforts to enhance the quality of financial information and disclosure among listed firms are …
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forecast errors. These findings suggest that the recent disclosure requirement mandated by the SEC was successful in generating … timely disclosure of bad news. However, I also find some evidence that firms with updates to their Risk Factors section have …
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varied and non uniform. NYSE has mandated the disclosure on audit committees and audit committee charters for foreign issuers … paper is corporate governance disclosure and more specifically online disclosure on audit committees and charters by foreign … the NYSE. The two variables studied for disclosure on the companies` websites are existence of audit committee (mandatory …
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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...
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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
We investigate the impact of uneven transparency regulation across countries and industries on the location of economic activity. Using two distinct sources of regulatory variation-the varying extent of financial-reporting requirements and the staggered introduction of electronic business...
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