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for internal control weaknesses, and when to invoke such a penalty. Internal control regulation under manipulation … internal control weaknesses. The optimal regulation takes advantage of this additional deterrence effect by using a very strict … rationalize why the commitment to lenient enforcement of internal control regulation is optimal …
Persistent link: https://www.econbiz.de/10012852934
My study examines whether the process of complying with new accounting standards has positive spillover effects on operating efficiency and firm performance. Using the recent lease accounting standard change (ASC-842), I examine whether the requirement to capitalize operating leases increases...
Persistent link: https://www.econbiz.de/10012823207
In the wake of the 2008 financial crisis, Robert Engle and colleagues at New York University developed the NYU Stern Systematic Risk Model (SRISK), a market-based substitute for regulatory measures of systemic risk of financial institutions. This study identifies four shortcomings of SRISK....
Persistent link: https://www.econbiz.de/10013021564
We develop a model in which accounting information and prudential regulation interact to affect banks' incentives to …
Persistent link: https://www.econbiz.de/10012851134
This study investigates the potential real effects of accounting-based, self-imposed, regulation in sports. We focus on … Financial Fair Play (FFP) regulation that was enacted in European football in 2013. The regulation imposed on clubs … employ players owned by clubs toward the threshold. We find that the regulation increased the overall volume of transfers of …
Persistent link: https://www.econbiz.de/10013312220
This paper discusses the ability of models on cheap talk, and of audit and liability regulations, to provide analytically-based assessment of credibility of management forecast disclosure in market and regulated settings. While credibility is linked to restrictive conditions in pure market...
Persistent link: https://www.econbiz.de/10014213310
This paper puts together the pieces of the puzzle of the ongoing regulatory competition debate on corporate law in the US. At early stages of this process Delaware conquered the leader’s place replacing Jersey, and forever locked-in there through peculiar manners. The States take as granted...
Persistent link: https://www.econbiz.de/10014179623
European Commission's Draft Proposal to amend the EU-Rating Regulation, could possibly be eliminated by procedural presumptions …
Persistent link: https://www.econbiz.de/10013088984
-offs between litigation and regulation as modes of governance, including how laws change under each regime over time. Data on 1 … approach (litigation in the UK, regulation in the US), even within the domain of M&A law. Subject to strong limits on external … regulation and litigation, even for otherwise similar nations in a similar context, and that a combination of interest groups …
Persistent link: https://www.econbiz.de/10013150915
Many regulators have concluded that cost-benefit analysis is the best available method for capturing the welfare effects of regulations. It is therefore understandable that in recent years, some people have been interested in requiring financial regulators to engage in careful cost-benefit...
Persistent link: https://www.econbiz.de/10013054943