Abstract

http://ssrn.com/abstract=2238674
 
 

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Boards, Auditors, Attorneys and Compliance with Mandatory SEC Disclosure Rules


Preeti Choudhary


Georgetown University

Jason D. Schloetzer


Georgetown University - McDonough School of Business

Jason Sturgess


DePaul University

April 19, 2013

Managerial & Decision Economics, Forthcoming

Abstract:     
We survey the empirical literature on the determinants of firms’ compliance with mandatory SEC disclosure rules. We begin with a discussion of the role of boards of directors, public accounting firms, and corporate attorneys in the preparation and review of mandatory disclosures. We then organize current research into three broad types of variation in compliance: completeness, timeliness, and readability. Our review highlights three interesting areas for future research: (1) studies that examine the relations between completeness, timeliness, and readability within the same research design, (2) studies that assess whether boards of directors, public accounting firms, and corporate attorneys view disclosure compliance as a general firm policy, and (3) studies that investigate the influence of corporate attorneys on mandatory disclosure, as well as studies of disclosure issues that require collaboration between auditors and corporate attorneys. As a first step to address the latter agenda, we investigate whether corporate attorneys affect disclosure and present evidence that corporate attorney fixed effects matter for mandatory disclosure compliance.

Number of Pages in PDF File: 43

Keywords: mandatory disclosure, compliance, disclosure regulation, corporate attorneys, corporate governance

JEL Classification: G14, G18, K22, M40

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Date posted: March 25, 2013 ; Last revised: May 16, 2013

Suggested Citation

Choudhary, Preeti and Schloetzer, Jason D. and Sturgess, Jason, Boards, Auditors, Attorneys and Compliance with Mandatory SEC Disclosure Rules (April 19, 2013). Managerial & Decision Economics, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2238674

Contact Information

Preeti Choudhary
Georgetown University ( email )
McDonough School of Business
Washington, DC 20057
United States

Jason D. Schloetzer (Contact Author)
Georgetown University - McDonough School of Business ( email )
McDonough School of Business
Washington, DC 20057
United States

Jason Sturgess
DePaul University ( email )
1 East Jackson Blvd.
Chicago, IL 60604
United States
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