We investigate the impact of uneven transparency regulation across countries and industries on the location of economic … transparency regulation is negatively associated with the focal industry’s economic activity in terms of inputs (e.g., employment …’ transparency regulation is positively associated with the focal industry’s economic activity. Our evidence suggests uneven …

This paper examines the regulation of technological innovation direction under uncertainty about potential harms. We … in resource allocation across research paths, challenging common intuitions about diversification. These insights have …

models in one significant way: it considers the effect of regulation not only on the behavior of those subject to it … (potential wrongdoers), but also on the perceptions – and as a result, on the behavior – of those whom regulation seeks to … protect (potential victims).Normatively, the article challenges the view of regulation as a two-way tradeoff between …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature …' involvement at exactly those points when the debate focuses on the economic consequences of accounting regulation (i.e., bank …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature …' involvement at exactly those points when the debate focuses on the economic consequences of accounting regulation (i.e., bank …

This paper evaluates the role of accrual accounting in improving firms' production decisions and resource allocation … systems lead to more informed decisions on the part of firms and ultimately to allocation of greater resources to high ….5% increase in aggregate U.S. productivity and a 0.7% increase in aggregate U.S. output via improved resource allocation. The …

This article develops a theory of standard-setting in which accounting standards emerge endogenously from an …

allocation of capital in the economy. Thus, our results provide a micro-foundation for accounting measurement regulation and … exhibit complementarity. These coordination problems provide accounting regulation an opportunity to facilitate the efficient … elucidate the impact of accounting uniformity on resource allocation efficiency …

I evaluate the role of accrual accounting in improving firms' production decisions and resource allocation across firms … and a 0.7% increase in aggregate output through resource allocation in the United States. The estimates are larger in … productivity through resource allocation …