I study the information asymmetry effects of SFAS 161, which required changes to the content and format of derivative … complementary measures: (1) actual changes in firms' derivative and hedging disclosures, and (2) pre-SFAS 161 levels of firms …' derivative and hedging activities. Both measures provide consistent evidence that bid-ask spreads decreased more for firms whose …

This paper is the first to study the effect of enhanced derivative and hedging footnote disclosures on information …

regulation, drawing on U.S. and international evidence. Given the policy relevance of research on regulation, we highlight the … to firm-specific and market-wide economic outcomes. Understanding these links is important when evaluating regulation. We … then synthesize the empirical evidence on the economic effects of disclosure regulation and reporting standards, including …

This paper examines economic consequences of a 2006 Securities and Exchange Commission regulation that mandated public …

This study examines the costs and benefits of uniform accounting regulation in the presence of heterogeneous firms who … can lobby the regulator. A commitment to uniform regulation reduces economic distortions caused by lobbying by creating a …

relationship using a recent SEC regulation that increased the frequency of mandated event disclosures in form 8-K. We show that …

experiment based on inter-state variation in disclosure regulation. Disclosed premiums may influence case selection in two ways …