Economic Consequences of SEC Disclosure Regulation: Evidence from the OTC Bulletin Board

By Brian J. Bushee, Christian Leuz. 2005

506 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/eeb1cede1eceebc85b467e317b3c555f49da7e34

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Citations in the corpus

Different approaches to corporate reporting regulation: How jurisdictions differ and why (2010, background): “9 The studies by Jarrell (1981), Bushee and Leuz (2005), Leuz et al.”
Do investors overpay for stocks with lottery-like payoffs? An examination of the returns of OTC stocks☆ (2015, unknown): “For example, Bushee and Leuz (2005) examine returns and liquidity surrounding the adoption of SEC filing requirements for OTCBB stocks in 1999 and 2000.”
Why Do Firms Go Dark? (2007, unknown): “With respect to prior research, Bushee and Leuz (2004) look at firms’ registration decisions relating to the 1999 SEC “eligibility rule” requiring firms trading on the Over-the-Counter Bulletin Board (OTCBB) to choose whether to register with the SEC or not. If they choose not to register, they have”
The value relevance of disclosure: Evidence from the emerging capital market of Egypt (2009, background): “Perhaps surprisingly, the literature on the economic consequences of mandatory disclosure is limited and somewhat ambivalent in its conclusions (Bushee & Leuz, 2005; Healy & Palepu, 2001).”
Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments (2005, background): “(such as the one studied by Bushee and Leuz (2005)) or markets in other countries.”
Post-listing performance and private sector regulation: The experience of London's Alternative Investment Market $ (2013, unknown): “…short event windows, Greenstone et al. (2006) document positive returns for firms most affected by the 1964 amendments to the Securities Act, and Bushee and Leuz (2005) document positive returns and increases in liquidity for firms newly compliant with the 1999 requirement that OTCBB firms 9…”
Economic Consequences of the Sarbanes-Oxley Act of 2002 (2007, unknown): “More recently, Bushee and Leuz (2005) document positive externalities but also significant costs of extending disclosure requirements to OTCBB firms in 1999.”
Disclosure Measurement in the Empirical Accounting Literature - A Review Article (2010, background): “Bushee and Leuz’s (2005) proxy for mandatory disclosure is the regulatory change mandating Over-The-Counter Bulletin Board firms to comply with reporting requirements under the 1934 Securities Exchange Act.”
SEC Regulation Fair Disclosure, Information, and the Cost of Capital (2007, unknown): “First, firm size seems to be an important determinant of a firm's disclosure policy, both from an empirical (Lang and Lundholm, 1993; Bushee and Leuz, 2005) as well as theoretical perspective (e.g., King et al., 1990; Diamond and Verrecchia, 1991; Skinner, 1994, 1997). Also, a recent survey conducte”