Law and the Market: The Impact of Enforcement

By John C. Coffee. 2007

310 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5b2151b07e37c34bd0ad4df68acaf70638299f60

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Citations in the corpus

Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors (2009, background): “(Jackson and Roe, 2008), but even more so in terms of actual enforcement actions and sanctions imposed (Coffee, 2007).”
Different approaches to corporate reporting regulation: How jurisdictions differ and why (2010, background): “In fact, Coffee (2007) argues that such enforcement differences do a better job explaining differences in financial development, market valuations and the cost of capital across countries than formal legal rules or disclosure standards.”
Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement (2016, background): “In this sense, our study is related to Coffee (2007), Jackson and Roe (2009), and Cumming, Groh, and Johan (2014), which point to an association between capital-market outcomes and the level of enforcement (e.g., using staff and budgets numbers).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “…studies often emphasize the importance of enforcement (e.g., Frost and Pownall, 1994; Bhattacharya and Daouk, 2002; Hope, 2003; La Porta et al., 2006; Coffee, 2007; Jackson and Roe, 2009; Cumming et al., 2011) and, more recently, the implementation of regulation (e.g., Christensen et al., 2016).”
New institutional accounting and IFRS (2011, unknown): “In other words, firms adopt the ‘rules of the game’ of a foreign regulatory and institutional environment and thus commit to stricter disclosure, reporting, governance and enforcement regime of another country (see, for example, Coffee 2007, Stulz 2009).”
Has New York become less competitive than London in global markets? Evaluating foreign listing choices over time (2009, background): “…agency costs and restrain controlling shareholders by imposing substantive obligations on them (the regulatory and listing requirements for US listings have been discussed extensively in the literature, e.g., Coffee, 1999, 2007; Greene, Beller, Rosen, Silverman, Braverman, and Sperber, 2000).”
Accounting Standards, Financial Reporting Outcomes, and Enforcement (2009, background): “Coffee (2007) argues that differences in enforcement intensity may help explain how large differences in economic outcomes arise from seemingly minor differences in formal legal rules.”
Supervisory Effectiveness and Bank Risk (2011, methodology): “Our research was inspired by the works of Jackson (2007), Jackson and Roe (2009), and Coffee (2007). More specifically, we endorse the observation made by these studies that employing information on sanctions and on-site examinations (enforcement outputs) offers the opportunity to capture supervisor”