We study regulation of the auditing profession in a model where audit quality is unobservable and enforcing regulation … the joint provision of auditing and consulting services: deflecting collusion requires less ambitious standards. Finally …

’s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm’s value due to profit sharing, linking this reduction to the …

This paper analyzes the impact of particular loss offset limitations on intrastate and cross-border investment … decisions. Investment can be realized in the investor’s domestic business, in a foreign branch or in a foreign subsidiary. The … relative impact on the optimal real investment alternative compared to the optimal financial investment alternative indicates …

This paper addresses the issue of how regulatory constraints affect firm’s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

predictability of court decisions, which leads to more transactions and higher investment levels. We investigate the effects on …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …