Regulatory interventions in response to noncompliance with mandatory derivatives disclosure rules

• Main Authors: BHATTACHARYA, Neil, CHANG, Hye Sun, CHIOREAN, Raluca
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2022
• 主題: Mandatory disclosures; Derivatives; Proprietary costs; Agency costs; SEC comment letters; Accounting
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/1969; https://ink.library.smu.edu.sg/context/soa_research/article/2996/viewcontent/SSRN_id3979231.pdf

We investigate regulatory actions in response to violations of mandatory derivatives disclosure rules (SFAS 161) and the outcomes of these regulatory interventions using a hand-collected sample of derivatives disclosures. Derivatives are used by nearly two-thirds of U.S. nonfinancial firms, and they...