I study how regulators' self-interest affects the transparency of their enforcement regimes and, as a result, misreporting by overseen firms. I use the revolving door from government to the private sector as a natural, commonly-occurring setting that captures self-interest. In this setting I...

In 2018 and 2019, the U.S. Securities and Exchange Commission (SEC) released the first new rules to emerge from a decades-long project to “modernize and simplify” the disclosure obligations that apply to publicly traded companies. Most are pragmatic fixes that should make disclosure more...

The paper focuses on the relation between a major global voluntary private regulatory initiative, the Integrated Reporting Framework (IR), created by the International Integrated Reporting Council (IIRC), and the legally binding norms recently adopted by the European Union on corporate...