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This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in market responses to earnings news after public audit oversight is introduced, exploiting that the regime onset depends on fiscal year-ends, auditors, and the rollout of auditor...
Persistent link: https://www.econbiz.de/10013015984
results suggest reformed incentives for third-party auditors can improve their reporting and make regulation more effective …
Persistent link: https://www.econbiz.de/10013078586
Progressive Movement. Cigarette prohibition was special interest regulation, though not of the usual narrow neoclassical genre; it … opponents of cigarette regulation were cigarette smokers and the more organized cigarette lobby. An active Progressive Movement …
Persistent link: https://www.econbiz.de/10013228652
In the United States today, the system of financial regulation is complex and fragmented. Responsibility to regulate …
Persistent link: https://www.econbiz.de/10013120193
following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …
Persistent link: https://www.econbiz.de/10013054040
costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to …
Persistent link: https://www.econbiz.de/10013218426
High and increasing hospital prices have led to calls for price regulation. If prices are high because of consolidation …
Persistent link: https://www.econbiz.de/10013310323
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10013134300
. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … primary theme of the paper is that differences between Europe and the U. S. have been substantially exaggerated in recent work …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …
Persistent link: https://www.econbiz.de/10013244903
the U.S. and Europe. Another popular view is that these differences are explained by long-standing European "culture," but … the U.S. and Europe. These policies do not seem to have increased employment, but they may have had a more society …
Persistent link: https://www.econbiz.de/10013231444