Working Papers

CONFLICT MINERALS

• Supply Chain Sustainability: Evidence on Conflict Materials by Paul A. Griffin, David H. Lont, and Yuan Sun

Credit Ratings

• Do Rating Agencies Cater? Evidence from Rating-Based Contracts by Pepa Kraft
• Does the Bond Market Want Informative Credit Ratings? by Jess Cornaggia and Kimberly J. Cornaggia
• How Did Increased Competition Affect Credit Ratings? by Bo Becker and Todd T. Milbourn
• Do Security Analysts Discipline Credit Rating Agencies? by Kingsley Y.L. Fong, Harrison G. Hong, Marcin T. Kacpercyk, and Jeffrey D. Kubik
• What Went Wrong? Examining Moody's Rated CDO Data by Yaw Owusu-Ansah
• Credit Ratings Across Asset Classes: A=A? by Jess Cornaggia, Kimberly Rodgers Cornaggia, and John Hund

Disclosure

• Accounting Restatements and the Timeliness of Disclosures by Brad Badertscher and Jeffrey J. Burks
• Did Investors Value the Disclosures Mandated by the 1964 Securities Acts Amendments? by Robert Battalio, Brian Hatch, and Tim Loughran
• Measuring Readability in Financial Text by Tim Loughran and Bill McDonald
• The Effectiveness of Mandatory Disclosure: An Empirical Test of the Line of Business Regulations by Artyom Durnev, Merritt Fox, Randall Morck, and Bernard Yeung
• Mandatory Disclosure, Asymmetric Information and Liquidity: The Impact of the 1934 Act by Robert Daines, Stanford University and Charles M. Jones, Columbia University
• Mandatory vs. Contractual Disclosure in Securities Markets: Evidence from the 1930s by Paul G. Mahoney (corresponding author), University of Virginia School of Law and Jianping Mei, Cheung Kong Graduate School of Business
• The Changing Information Environment and Disclosure Deregulation by Nemit O. Schroff, Amy X. Sun, Hal D. White, and Weining Zhang

DODD FRANK

• Regulating Wall Street: The Dodd-Frank Act by Matthew P. Richardson

Fair Value Accounting

• A Convenient Scapegoat: Fair Value Accounting by Commercial Banks during the Financial Crisis by Brad A. Badertscher, Jeffrey J. Burks and Peter D. Easton

General

• Bankers and Regulators by Philip Bond and Vincent Glode
• Do the SEC’s Enforcement Preferences Affect Corporate Misconduct? by Simi Kedia and Shivaram Raigopal
• On the Optimality of Shareholder Control: Evidence from the Dodd-Frank Financial Reform Act by Jonathan B. Cohn, Stuart Gillan and Jay C. Hartzell
• Product Market Competition and Agency Conflicts:  Evidence from the Sarbanes Oxley Law by Vidhi Chhaochharia,Gustavo Grullon, Yaniv Grinstein and Roni Michaely
• Regulatory Arbitrage: Evidence from Bank Cross-border M &As by Hui Dong, Frank Song and Libin Tao
• Regulatory Pressure and Fire Sales in the Corporate Bond Market by Andrew Ellul, Chotibhak Jotikasthira, and Christian T. Lundblad
• The New Financial Deal: Understanding the Dodd-Frank Act and its (Unintended) Consequences by David A. Skeel Jr.
• Regulating the Shadow Banking System by Gary B. Gordon and Andrew Metrick
• A Macroprudential Approach to Financial Regulation by Samuel G Hanson, Anil Kashyap, and Jeremy C. Stein
• Market Making under the Proposed Volcker Rule by Darrell Duffie
• Security Transaction Taxes and Market Quality by Anna Pomeranets and Daniel G. Weaver
• The Growth of Global ETFs and Regulatory Challenges by Reena Arggarwal
• The Federal Reserve as Last Resort by Colleen Baker
• Complexity of Regulation by Chester S. Spatt

High Frequency

• SEC Enforcement: Does Forthright Disclosure and Cooperation Really Matter? by Rebecca Files
• High Frequency Trading and Price Discovery by Terrence Hendeshott and Ryan Riordan
• Very Fast Money: High-Frequency Trading on the NASDAQ by Allen Carrion
• The Diversity of High Frequency Traders by Bjorn Hagstromer and Lars L. Norden
• High-Frequency Trading Synchronizes Prices in Financial Markets by Austin Gerig
• High Frequency Trading and End-of-Day Manipulation by Douglas Cumming, Feng Zhan, and Michael J. Aitken
• High Frequency Traiding and Mini Flash Crashes by Anton Golub, John Keane, and Ser-Huang Poon
• Do Retail Traders Suffer from High Frequency Traders? by Katya Malinova, Andreas Park, and Ryan Riordan
• News Trading and Speed by Thierry Foucault, Johan Hombert, and Ioanid Rosu

IPOS

• Where Have All the IPOs Gone? by Xiaohui Gao, Jay R. Ritter, and Zhongyan Zhu

proxy

• Does Shareholder Proxy Access Improve Firm Value?  Evidence from the Business Roundtable Challenge by Bo Becker, Daniel Bergstresser and Guhan Subramanian
• Shareholder Proposale Rules and Practice by Bonnie Buchanan, Jeffry M. Notter, Annette B. Poulsenn, and Tina Yang

Sarbanes Oxley

• The Sarbanes Oxley Act and Its Impacts on Corporate Finance and Corporate Governance Behavior by Fred Sewe
• Study of the Sarbanes-Oxley Act of 2002 Section 404 Internal Control over Financial Reporting Requirements by Division of Risk, Strategy, and Financial Innovation- Securities and Exchange Commission

Say on Pay

• The First Year of 'Say on Pay' Under Dodd-Frank: An Empirical Analysis and Look Forward by James F. Cotter, Alan R. Palmiter, and Randall S. Thomas

SHORT SALE CONSTRAINTS

• Costs and Benefits of Speculation by Terje Lensberg, Klaus Reiner Shenk-Hoppe, and Dan Ladley
• The Determinants of Short Selling: Evidence from the Hong Kong Equity Market by Michael D. McKenzie and Olan T. Henry

SHADOW BANKING

• A Model of Shadow Banking by Nicola Gennaioli, Andrei Shleifer, and Robert W. Vishny
• Shadow Banking: A Review of Literature by Tobias Adrian and Adam B. Ashcraft