We investigate whether reviews of transactional filings by the SEC unexpectedly constrain
SEC resources, leading to lower quality comment letters for periodic reports. The Sarbanes …

This study investigates the impact of non-punitive regulation on stock price crash risk. We
use the inquiry letter issued by the Shanghai Stock Exchange (SSE) and the Shenzhen …

As part of its goal to monitor and enhance the quality of information available to investors,
the SEC reviews companies' filings to ensure compliance with applicable financial reporting …

An emerging literature shows that shareholders benefit from the Securities and Exchange
Commission's (SEC) filing reviews in terms of improved disclosures and reduced information …

We examine a comprehensive set of investigations by the SEC's Division of Enforcement
offices to provide evidence on the consequences of these office's busyness on the formal …

Using the public release of comment letters on EDGAR to capture a regime shift toward
regulatory transparency, we examine whether an increase in transparency affects regulators' …

The ability to detect misreporting is an important aspect of financial reporting regulation. I
derive a measure of SEC error detection rates using information from comment letter …

This paper investigates the impact of a global emerging governance tool, the comment letter,
on firms' excess perks in China. We find that excess perks are significantly lower when the …

This study explores the impact of local happiness on corporate financial misconduct. Using
large-scale survey data to construct the measurement of the local happiness level, we find …

Using monthly data from the Shenzhen Stock Exchange's 'Hudongyi'platform and comment
letters from December 2014 to December 2018, this study investigates the influence of …