Transparency
Why the SEC Needs to Require a Stricter Rule Book for Private Equity
In new research, Sureyya Burcu Avci, Cindy Schipani, and H. Nejat Seyhun assess and justify the United States Securities and Exchange Commission’s failed attempts to regulate potential fraud and deception in the private equity market by examining the performance and potential conflicts-of-interest in de-SPAC transactions.
The Importance of PhD Transparency in Today’s Job Market
Is pursuing a PhD a worthwhile financial investment? In new research, Dwayne Benjamin, Boriana Miloucheva, and Natalia Vigezzi compare earnings of PhD graduates to other degree holders, highlighting that the high opportunity costs of pursuing a PhD aren’t always worth it.
The Tradeoffs of Transparency in Sovereign Debt Markets
It is an economic truism that markets operate more efficiently and fairly when there is more transparency. However, in the case of sovereign debt markets, the virtues of transparency are partially offset by its costs, writes Mark Weidemaier. Without an international regulator or bankruptcy court, opacity sometimes advances the public interest, including by helping financially distressed governments protect assets.
When Does Mandatory Price Disclosure Lower Prices?
In new research, Felix Montag, Alina Sagimuldina, and Christoph Winter study the impact of mandatory price disclosure (MPD) for sellers in the German retail fuel market to determine under what market conditions MPD can reduce prices for consumers.
