Author Archives: Heemin Lee

Anti-Corruption Laws and Geographic Reporting Transparency 

By | December 19, 2022

Do companies attempt to disguise their exposure to foreign corruption? Our research investigates whether U.S. companies respond to heightened regulatory risk exposure from foreign anti-corruption laws by increasing or decreasing their geographic reporting transparency regarding their underlying exposure to countries with high risk of corruption.  The U.S. Foreign Corrupt Practices Act (FCPA) exposes U.S. and… Read More »

The Role of Academic Research in SEC Rulemaking: Evidence from Business Roundtable v. SEC

By | June 18, 2021

In our paper, “The Role of Academic Research in SEC Rulemaking: Evidence from Business Roundtable v. SEC,” we examine the Securities and Exchange Commission’s (SEC) use of academic research in its rulemaking. We focus on the DC District Court’s decision in Business Roundtable v. SEC (2011) to strike down the proxy-access rule, which was promulgated by the SEC… Read More »