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One of the key questions in the study of regulation is whether the costs of regulatory compliance fall homogeneously on …
Persistent link: https://www.econbiz.de/10014320686
This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that corporate governance affects firms’ stock...
Persistent link: https://www.econbiz.de/10010212666
link between gasoline content regulation and the compliance behavior of refineries. We find that in areas with more … stringent gasoline regulation, there was increased compliance on the part of firms. -- Clean Air Act ; compliance behavior … ; energy markets ; product regulation ; petroleum refining ; environmental pollution …
Persistent link: https://www.econbiz.de/10009659324
This paper reviews the history of executive compensation disclosure and other government policies affecting CEO pay, and as well surveys the literature on the effects of these policies. Disclosure has increased nearly uniformly since 1933. A number of other regulations, including special taxes...
Persistent link: https://www.econbiz.de/10003749481
assess the effectiveness and efficiency of these standards, which are the centerpiece of US Clean Air Act regulation of …
Persistent link: https://www.econbiz.de/10013463693
with this, we find that employment and compensation of lawyers are tightly correlated with federal regulation, fee …
Persistent link: https://www.econbiz.de/10015197274
U.S. network industry reforms led other countries in the past, but have recently run into difficulties in specific areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the California disaster. Part of the explanation for these...
Persistent link: https://www.econbiz.de/10011402612
The paper aims at empirically investigating the relationship between regulation and the capital structure of the … result prevails independent of a control variable that indicates the regulatory regime. -- regulation ; capital structure …
Persistent link: https://www.econbiz.de/10003854388
Persistent link: https://www.econbiz.de/10003623813
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted in driving the run-up (and subsequent decline) in US housing prices over the period 1990-2012. To obtain an ex ante measure of financial liberalization, we focus on the history...
Persistent link: https://www.econbiz.de/10010515411