Disclosure regulations largely depend on deterrence. Recent years have seen many expansions in corporate disclosure regulations in developed markets. Many involved adding/expanding sanctions. While theories such as economics of crime and strategic regulation support that expanding sanctions generates additional deterrence, the effects may be undermined by the fact that budget-constrained regulators generally can only afford low detection and enforcement activities. Furthermore, firms incur costs complying with these laws. This paper examines empirically whether adding sanctions generates incremental deterrence effects.
|Number of pages||2|
|Journal||Expo 2012 Higher Degree Research : book of abstracts|
|Publication status||Published - 2012|
|Event||Higher Degree Research Expo (8th : 2012) - Sydney|
Duration: 12 Nov 2012 → 13 Nov 2012
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