Regulatory transparency and the alignment of private and public enforcement: Evidence from the public disclosure of SEC comment letters

Does enhanced regulatory transparency facilitate alignment of private and public enforcement? Utilizing the SEC's 2004 decision to publicly disclose its comment letters, we explore the actions of the SEC and shareholder litigants. We find the two parties converge more on enforcement targets aft...

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Veröffentlicht in:	Journal of financial economics 2022-07, Vol.145 (1), p.297-321
Hauptverfasser:	Hutton, Amy, Shu, Susan, Zheng, Xin
Format:	Artikel
Sprache:	eng
Schlagworte:	Complementarity Disclosure Enforcement Litigation Plaintiffs Regulatory transparency Scrutiny Sec comment letters Shareholder litigation Stockholders Transparency
Online-Zugang:	Volltext
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