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 …
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 myriad applications of artificial intelligence (AI) by the private and public sectors have exploded in the public consciousness in the postpandemic period. However, researchers …
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 …
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 …
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 …
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 …
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 …
We offer new evidence on the relationship between competition and innovation that overcomes two measurement difficulties compromising the extant literature: aggregation at …