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In France, firms that have 50 employees or more face substantially more regulation than firms that have less than 50 … model the regulation as the combination of a sunk cost that must be paid the first time the firm reaches 50 employees and a … using indirect inference by fitting the discontinuity of the size distribution. The key finding is that the regulation is …
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In recent years, reporting under International Financial Reporting Standards (IFRS) became mandatory in many countries. The capital-market effects around this change have been extensively studied, but their sources are not yet well understood. This study aims to distinguish between several...
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