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

Going public by merging with a Special Purpose Acquisition Company (SPAC) is much more
expensive than conducting a traditional IPO. We rationalize why some companies merge …

This paper reviews the literature on the real effects of financial reporting and disclosure on
corporate innovation, highlighting both the possible channels of influence and the potential …

After two decades of low initial public offering (IPO) activity and a number of regulatory
changes, the number of IPOs of both operating companies and special purpose acquisition …

This essay examines the implications of the evolving environment for the formation and
financing of new firms in the United States. After the dot. com crash of 2000, there was a …

ABSTRACT In Silicon Valley, the most important thing to think about when starting a
company is how you're going to end it. The venture capital funding model that dominates the …

This study examines the effect of the Jumpstart Our Business Startups Act (JOBS Act) on
information uncertainty in IPO firms. The JOBS Act creates a new category of issuer, the …

We investigate the impact of reporting regulation on corporate innovation activity. Exploiting
thresholds in Europe's regulation and a major enforcement reform in Germany, we find that …

We quantify the costs of major disclosure and governance regulations by exploiting a
regulatory quirk: many rules trigger when a firm's public float exceeds a threshold …

This paper examines whether mandatory disclosure affects the extent to which firms learn
from external market participants. Conventional wisdom suggests that mandatory disclosure …