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The Economic Consequences of Disclosure Deregulation : = Evidence from Amendment to Definitions of Smaller Reporting Companies.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Economic Consequences of Disclosure Deregulation :/
Reminder of title:	Evidence from Amendment to Definitions of Smaller Reporting Companies.
Author:	Wang, Qiao.
Description:	1 online resource (81 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-02, Section: A.
Contained By:	Dissertations Abstracts International85-02A.
Online resource:	click for full text (PQDT)
ISBN:	9798380127776

The Economic Consequences of Disclosure Deregulation : = Evidence from Amendment to Definitions of Smaller Reporting Companies.
Wang, Qiao.

The Economic Consequences of Disclosure Deregulation :Evidence from Amendment to Definitions of Smaller Reporting Companies. - 1 online resource (81 pages)

Source: Dissertations Abstracts International, Volume: 85-02, Section: A.

Thesis (Ph.D.)--University of California, Irvine, 2023.

Includes bibliographical references

This study evaluates if the Securities and Exchange Commission's (SEC's) disclosure deregulation, i.e., the SEC's 2018 amendment of definition of Smaller Reporting Companies (SRCs), achieves the goals of reducing compliance costs, promoting firm growth, and protecting investors. Using a difference-in-differences design, I examine the overall usefulness to investors of 10-K filings, firm investment activities, analyst coverage and institutional holding after newly classified SRCs choose to reduce disclosures in 10-Ks, by comparing with three control groups. The findings indicate that although firms reducing disclosures can save compliance costs in terms of audit fees, the saved resources are not transferred into more investment activities. I also find that reducing disclosures does not result in a decrease in the overall usefulness of 10-K filings, it can result in a loss of analyst following and institutional holdings.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798380127776Subjects--Index Terms:

Securities and Exchange CommissionIndex Terms--Genre/Form:

554714
Electronic books.

The Economic Consequences of Disclosure Deregulation : = Evidence from Amendment to Definitions of Smaller Reporting Companies.
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