This study collates potential economic effects of mandated disclosure and reporting
standards for corporate social responsibility (CSR) and sustainability topics. We first outline …

We define higher audit quality as greater assurance of high financial reporting quality.
Researchers use many proxies for audit quality, with little guidance on choosing among …

This paper discusses the empirical literature on the economic consequences of disclosure
and financial reporting regulation, drawing on US and international evidence. Given the …

Relative to other countries, the US now has abnormally few listed firms. This “US listing gap”
is consistent with a decrease in the net benefit of a listing for US firms. Since the listing peak …

Manuscript Type: Review Research Question/Issue: This study reviews previous country-
level and firm-level studies on corporate governance codes up to 2014 in order to highlight …

The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

This essay reviews the theoretical and empirical literature on quality disclosure and
certification. After comparing quality disclosure with other quality assurance mechanisms …

Public firms provide a large amount of information through their disclosures. In addition,
information intermediaries publicly analyze, discuss, and disseminate these disclosures …

This article is Part I of a two-part series analyzing the economic and policy factors related to
the potential adoption of IFRS by the United States. In this part, we develop the conceptual …

Some members of Congress, the DC Circuit, and the legal academy are promoting a
particular, abstract form of cost-benefit analysis for financial regulation: judicially enforced …