Measuring the Cost of Regulation: A Text-Based Approach
收藏NBER2020-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26856
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资源简介：
We derive a measure of firm-level regulatory exposure from the text of corporate earnings calls. We use this measure to study the effect of regulation on companies growth, leverage, profitability, and equity returns. Higher regulatory exposure results in slower sales and asset growth, lower leverage
提供机构：
美国国家经济研究局
创建时间：
2020-03-01
