Regulation

William Megginson, Kedi Wang, and Junjie Xia find in new research that the Chinese Communist Party’s anti-corruption campaign produced worse firm performance by reducing managers’ risk tolerance.

Bruno Pellegrino and Geoff Zheng explain how their novel methodology combining survey data and economic modeling can be used to quantify major questions, such as the economic loss from government regulation. This loss, they find, amounts to $154 billion in seven European countries each year.

Capital markets are central to capitalism and the functioning of the US economy. Yet, short-selling, an integral part of price discovery in capital markets, has been blamed as a contributor to the recent banking crisis. Lawmakers and interest groups have labeled short sellers opportunists who prey on small investors and the public without justification. The authors shed light on this debate and question the merit of the allegations.

Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.

Would increasing regulation of the U.S. airline industry resolve the issues that Americans have heard about and experienced in the past few...

Is the revolving door of top regulators one of the reasons for a lack of good regulation? Based on her recent research,...

In new research, Matteo Romagnoli argues that for the electricity sector to decarbonize as part of the broader green transition, regulators must...

Anil Kashyap explains why the collapse of Silicon Valley Bank and Signature Bank are the result of the failure of the Dodd-Frank...

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

The US Food and Drug Administration is tasked with protecting consumers from unsafe food and medical products. In new research, Parker Rogers...