Ponzi Finance, Regulatory Capture and the Credit Crunch

2009 ◽  
Author(s):  
Nicholas Dorn
Keyword(s):  
Credit Crunch ◽  
Regulatory Capture

The Credit Crunch

10.1596/26275 ◽  
2017 ◽  
Author(s):  
◽  
Keyword(s):  
Credit Crunch

The Credit Crunch

2015 ◽  
Author(s):  
GRAHAM TURNER
Keyword(s):  
Credit Crunch

The SEC's Revolving Door: Insights from Boards of Directors

2020 ◽  
Author(s):  
Juliane B. Wutzler
Keyword(s):  
Boards Of Directors ◽  
Securities And Exchange Commission ◽  
Revolving Door ◽  
Regulatory Capture ◽  
Accounting Quality ◽  
Shed Light ◽  
The U.S

This study aims to shed light on the determinants and consequences of the revolving door at the U.S. Securities and Exchange Commission (SEC). While revolvers may be good monitors due to their SEC experience and, thus, continuously create benefits for the economy ("schooling"), it is possible that they exploit their insights into the enforcement process and private connections to undermine enforcement ("regulatory capture"). Using a newly created dataset of revolvers who moved from the SEC to company boards, this study shows that not all revolvers are appointed for the same reasons and create the same benefits for their new employers. I demonstrate that those revolvers most closely involved in the enforcement process are associated with fewer future enforcement actions while accounting quality does not improve. Contrarily, external revolvers seem to use their monitoring and advising duties to improve accounting quality.

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