Regulatory intensity and firm-specific exposure

J Kalmenovitz - The review of financial studies, 2023 - academic.oup.com
Building on administrative data and machine-learning models, I develop a firm-specific
measure of regulatory intensity: cost of compliance with all federal paperwork regulations …

Measuring the cost of regulation: A text-based approach

CW Calomiris, H Mamaysky, R Yang - 2020 - nber.org
We derive a measure of firm-level regulatory exposure from the text of corporate earnings
calls. We use this measure to study the effect of regulation on companies' growth, leverage …

Measuring firm exposure to government agencies

DM Armstrong, S Glaeser, JL Hoopes - Journal of Accounting and …, 2024 - Elsevier
We use textual analysis of mandatory accounting filings to develop firm-level, time-varying
measures of exposure to individual government agencies including the Securities Exchange …

The Future of AI Is in the States: The Case of Autonomous Vehicle Policies

DJ Mallinson, L Azevedo, E Best, P Robles… - Business and …, 2024 - cambridge.org
The myriad applications of artificial intelligence (AI) by the private and public sectors have
exploded in the public consciousness in the postpandemic period. However, researchers …

[PDF][PDF] Closing the revolving door

J Kalmenovitz, S Vij, K Xiao - Available at SSRN 4275137, 2022 - aeaweb.org
Regulators can leave their government position for a job in a regulated firm. Using granular
payroll data on 22 million federal employees, we uncover the first systematic evidence of …

[HTML][HTML] Firm-Level Regulatory Intensity and Labor Investment Efficiency

HL James, T Ngo, H Wang - Journal of Risk and Financial Management, 2024 - mdpi.com
We examine the impact of firm-level regulatory intensity on corporate labor investment
efficiency in US firms using a sample from 1995 to 2019. We find that labor investment …

Regulatory fragmentation and internal control weaknesses

H Xu - Journal of Accounting and Public Policy, 2024 - Elsevier
This study examines the relationship between regulatory fragmentation and internal control
weaknesses in US firms using a dataset sourced from the Federal Register. The findings …

The questions being asked: Academic research, the media, and regulators

M Lowry - Financial Review, 2024 - Wiley Online Library
Academic research should strive to increase our understanding of the world we live in, and
as such open the door for improvements in this world. With this goal in mind, this piece …

Regulatory risk perception and small business lending

J Kalmenovitz, S Vij - Available at SSRN 3904357, 2021 - papers.ssrn.com
We uncover a significant friction in small business lending: perception of risk by Small
Business Administration employees. Using novel data on SBA employees transferring …

Competition and innovation revisited: a project-level view

JA Garfinkel, M Hammoudeh - The Review of Financial Studies, 2024 - academic.oup.com
We offer new evidence on the relationship between competition and innovation that
overcomes two measurement difficulties compromising the extant literature: aggregation at …