Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 15, 2022 erstellt
Beschreibung:
This study examines the effects of SEC office change on regulatory oversight and firms' reporting quality. Firms are assigned to the SEC's filing review offices, which are organized by industry. I find that SEC oversight on newly assigned firms will be more intense. Firms are more likely to receive comment letters and there are more accountants on the filing review team after office change. Then I provide evidence that firms improve their reporting quality after office change. Firms' financial reports are less likely to be restated and more readable. The effects start in the first year of office change and are stronger for firms with long office tenure. Overall, the results suggest that office change leads to an increase in the intensity of SEC oversight and firms improve their reporting quality by anticipating the increase