New research by Finance Professor Johan Sulaeman and co-authors find that regulation got it right this time. They examined the effects of Regulation Fair Disclosure (Reg FD) and the Sarbanes-Oxley Act (SOX) on the local bias of institutional investors.
“Leveling the Playing Field: regulation and Disappearing Local Bias” by Johan Sulaeman of SMU Cox, Gennaro Burns of University of Miami and Alok Kumar of University of Miami and University of Texas at Austin is under review.
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