This research brief describes broker-dealers and investment advisers -- their numbers, size, assets, clients, services, and affiliations -- and examines whether individual investors understand the differences between them.
Mar 24, 2008
Controlling for exit decision factors, this study confirms other reports that the Sarbanes-Oxley Act induced small firms to exit the public capital market.
Feb 19, 2008
Design of the Qatar National Research Fund: An Overview of the Study Approach and Key Recommendations
This report documents the design and business and implementation plans that the RAND-Qatar Policy Institute recommended in 2004 to the Qatar Foundation for Education, Science, and Community Development for its Qatar National Research Fund (QNRF).
Feb 12, 2008
This report examines current practices and investor understanding of brokers, dealers, and investment advisers -- three theoretically distinct types of financial professionals whose boundaries have blurred in recent decades.
Jan 1, 2008
Examines how the availability of organizing as Limited Liability Partnerships and Limited Liability Companies affected law firms during the period 1993-1999.
Sep 17, 2007
Summary to WR-300-2-ICJ: Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis
This summary is based on: Ehud Kamar, Pinar Karaca-Mandic, and Eric Talley, Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis, RAND WR-300-2-ICJ, 2006.
May 8, 2006
Surveys existing research and the general state of knowledge about the impact of regulation and legislation on small business, focusing on the areas of corporate securities, environmental protection, employment, and health insurance.
Mar 3, 2006
Explores the legal, theoretical, and empirical ramifications of insulating the auditing industry from legal liability.
Jan 1, 2006
This paper analyzes the normative role for civil liability in aligning terrorism precaution incentives, when the perpetrators of terrorism are unreachable by courts or regulators.
Jan 1, 2006
Since Arthur Andersen's implosion in 2002, policymakers have been encouraged with ever increasing urgency to insulate the auditing industry from legal liability.
Jan 1, 2006
Professional service providers who wish to organize as multi-person firms have historically been limited to the partnership form. Such organizational forms trade the benefit of risk diversification off against the costs of diluted incentives and liab...
Oct 13, 2005
Criteria Used to Define a Small Business in Determining Thresholds for the Application of Federal Statutes
This paper reviews federal workplace, environmental, economic regulations. It describes the purpose of and requirements associated with the regulations, any penalties associated with regulatory violations and how requirements or penalties differ for small v. large firms.
Sep 13, 2005
The law and economics literature on suit and settlement has tended to focus on two alternative conceptual models.
Jan 1, 2003