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misbehavior? From a public interest view, we would expect “effective” regulation to ex ante mitigate agency conflicts between … country level yields the following insights: (i) Corporate scandals are an antecedent to regulation over long stretches of … time, suggesting that regulators are typically less flexible and informed than firms. (ii) Regulation is positively related …
Persistent link: https://www.econbiz.de/10012934117
misbehavior? From a public interest view, we would expect “effective” regulation to ex ante mitigate agency conflicts between … country level yields the following insights: (i) Corporate scandals are an antecedent to regulation over long stretches of … time, suggesting that regulators are typically less flexible and informed than firms. (ii) Regulation is positively related …
Persistent link: https://www.econbiz.de/10012913226
misbehavior? From a public interest view, we would expect “effective” regulation to ex ante mitigate agency conflicts between … country level yields the following insights: (1) Corporate scandals are an antecedent to regulation over long stretches of … time, suggesting that regulators are typically less flexible and informed than firms. (2) Regulation is positively related …
Persistent link: https://www.econbiz.de/10012914799
regulation are no exception. This article discusses the promise of evidence-based policymaking in accounting and financial …
Persistent link: https://www.econbiz.de/10011932398
nonprime mortgage sector. Effective regulation is essential to prevent and contain such epidemics. An epidemic is the natural … a “criminogenic environment.” Factors that make an environment criminogenic include non-regulation, assets that lack …) both spread disease and weaken the host, making him more susceptible to other infections.Effective regulation is essential …
Persistent link: https://www.econbiz.de/10013148987
losses than all other forms of property crimes combined. Weak regulation, supervision and ethics produce epidemics of control … the efficient markets hypothesis and the resulting praxis that devalues financial regulation …
Persistent link: https://www.econbiz.de/10013144769
We study the relation between the centralization of regulated financial information, information asymmetry, and capital market liquidity. Specifically, we exploit the staggered implementation of digital storage and access facilities (called Officially Appointed Mechanisms, or OAMs) for regulated...
Persistent link: https://www.econbiz.de/10012825693
An important question in banking is how strict supervision affects bank lending and in turn local business activity. Supervisors forcing banks to recognize losses could choke off lending and amplify local economic woes. But stricter supervision could also change how banks assess and manage...
Persistent link: https://www.econbiz.de/10012668203
We propose and find that enhanced regulatory transparency facilitates alignment between private and public enforcement. Utilizing the SEC's 2004 decision to publicly disclose its comment letters, we explore the actions of a public enforcer (the SEC) and a private enforcer (shareholder...
Persistent link: https://www.econbiz.de/10012824121
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