- 03 Oct 2017
- First Look
First Look at Research and Ideas, October 3, 2017
How management feedback can backfire ... Hospitals that overbill as a financial strategy ... Using artificial intelligence to gauge human intelligence.
- 05 Sep 2017
- First Look
First Look at New Research and Ideas, September 5, 2017
Does air pollution contaminate our morality? ... Hiding bad news from the media ... The best business model for a professional skateboarding league.
- 26 Apr 2017
- Working Paper Summaries
Is the SEC Captured? Evidence from Comment-Letter Reviews
Evidence from analysis of comment-letter reviews suggests a nuanced relation between politically connected firms and oversight by the Securities and Exchange Commission. SEC capture, if it exists, may be less blatant or pronounced than previously thought.
- 10 Feb 2015
- Working Paper Summaries
Government Preferences and SEC Enforcement
The US Securities and Exchange Commission failed to detect several accounting fraud scandals in the last decade, raising the question of how the SEC chooses targets for enforcement. This paper looks specifically at whether the SEC, as a consequence of government pressure, reduces its enforcement actions for labor-intensive firms. Results indicate that voters' interests do drive political pressure on the SEC. The SEC incorporates such pressure in its enforcement actions, independent of firms' lobbying for their special interests. Closed for comment; 0 Comment(s) posted.
- 03 Feb 2015
- Working Paper Summaries
Regulator Leniency and Mispricing in Beneficent Nonprofits
How organizations influence regulation is a complicated and dynamic process. In a study of boundaries regarding appropriate compliance in the context of the health care industry, the authors offer that nonprofits that provide unprofitable services such as the provision of charity care and medical education (beneficent nonprofits) are less likely to face regulatory enforcement for mispricing and exhibit more mispricing. Results indicate that lenient enforcement assists beneficent nonprofits to obtain higher revenues in price-regulated markets. Closed for comment; 0 Comment(s) posted.
- 12 Jan 2015
- Research & Ideas
Regulators Ease Up on Companies Generating Political Benefits
Generating political influence is not just about making campaign donations. Professor Jonas Heese finds that companies providing politically popular benefits might receive lighter enforcement from regulators. Open for comment; 1 Comment(s) posted.
Fearing Fox News, Democratic-leaning Companies Delayed Negative Announcements
Jonas Heese and Vishal P. Baloria explore strategies used by companies to reduce the risk of potentially negative press, focusing on Fox News and the 2000 presidential election. Open for comment; Comment(s) posted.