Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/73160
Title: Styles of regulators : evidence from the sec comment letters
Authors: Do, Thuc Truc
Keywords: DRNTU::Business::Law::Accounting
Issue Date: 2018
Source: Do, T. T. (2018). Styles of regulators : evidence from the sec comment letters. Doctoral thesis, Nanyang Technological University, Singapore.
Abstract: Security regulations are enforced by the SEC staff. Conceptually, the regulations shall be enforced uniformly despite enforcers’ personal differences. I offer evidence to the contrary. Using the setting of SEC filing review process, I find that SEC staff members exhibit personal “styles” in their reviews. Their personal styles significantly affect firms’ remediation costs, the contents of the SEC letter, and firms’ financial reporting quality. I find that female staff members are associated with higher remediation costs while the SEC staff members with CPA qualifications are more likely to emphasize accounting disclosures and firms under their supervision are more likely to report truthfully (lower F-score). Overall, the paper offers consistent evidence that SEC regulation enforcers exhibit individual differences and their styles affect firms’ financial reporting quality.
URI: http://hdl.handle.net/10356/73160
DOI: 10.32657/10356/73160
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:NBS Theses

Files in This Item:
File Description SizeFormat 
Do (2017) - Styles of Regulators Evidence from the SEC Comment Letters.pdfMain article2.26 MBAdobe PDFThumbnail
View/Open

Page view(s) 50

249
Updated on Nov 23, 2020

Download(s) 50

221
Updated on Nov 23, 2020

Google ScholarTM

Check

Altmetric


Plumx

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.