کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7243472 1471657 2014 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Public enforcement of securities market rules: Resource-based evidence from the Securities and Exchange Commission
ترجمه فارسی عنوان
اجرای عمومی قوانین بازار اوراق بهادار: شواهد مبتنی بر منابع از کمیسیون اوراق بهادار و بورس
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We empirically investigate whether increases in the U.S. Securities and Exchange Commission's (SEC) budget have an effect on firms' compliance behavior with securities market rules. Our study uses a dataset on the SEC's resources and its enforcement actions over a period beginning shortly after the Second World War and ending in 2010. We find that increases in the SEC's resources both improve compliance and lead to an increased activity level of the SEC. The higher level of compliance is reflected by a decrease in the numbers of enforcement cases. The increased activity level is reflected by a surge in the number of investigations conducted by the SEC.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 106, October 2014, Pages 197-212
نویسندگان
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