Regulation

Working Paper

22 November 2018

Is it Worthwhile to Augment the Legal Protection of Public Debt Placed by Privately Held Companies?

We examine the effects of a law amendment in Israel in 2011 that imposes a set of minimum corporate governance standards on privately held firms that issue publicly traded bonds. Two main results emerge. First, consistent with US...

Keren Bar-Hava | Roi Katz | Beni Lauterbach
01 June 2016

Bank Governance

According to a common narrative, in addition to inadequate capital and liquidity, the failure of banks in the financial crisis also reflected their poor governance. By governance we mean broadly the oversight that comes from banks?...

John Armour | Dan Awrey | Paul Davies | Luca Enriques | Jeffrey Gordon | Colin Mayer | Jennifer Payne
01 December 2015

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation, drawing on U.S. and international evidence. Given the policy relevance of research on regulation, we...

Christian Leuz | Peter Wysocki

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