Securities and Exchange Commission (SEC) staff review registrant filings for compliance with accounting and reporting standards to deter misconduct and facilitate investor access to high quality information (SEC 2020). Using a novel approach to identify all SEC staff who work on a review, we...

We examine how Securities and Exchange Commission (SEC) enforcement varies at fiscal year- end. Using a sample of over 12,000 SEC enforcement actions, we find that the number of case filings in September, the final month of the SEC’s fiscal year, is approximately double the average of other...

Firm life-cycle stage reflects a firm's current strategic direction towards exploration independent of age or size. We provide evidence that young life-cycle firms are particularly vulnerable to negative innovation consequences from financial regulation but do not appear to experience any...

Firm life-cycle stage reflects a firm's current strategic direction toward exploration independent of age or size. We provide evidence that young life-cycle firms are particularly vulnerable to negative innovation consequences from financial regulation but do not appear to experience any...