Showing results 1 - 3 of 3
| Lauren Cohen
December 2020, Paper: "In this paper, we examine the influence of political motives on regulatory enforcement against bribes. Using case-level data from the Securities and Exchange Commission and Department of Justice, we show that in the year leading up to U.S. Senate elections, the probability of FCPA enforcement actions increases significantly for foreign firms, spiking 23% (t=3.04), but not U.S. firms. We use exogenous variation in the…
| Lauren Cohen | Christopher Malloy
Cloaked Trading. Lauren Cohen, Christopher Malloy, January 17, 2017, Paper, "Using a novel, proprietary database of micro-level trading activities by asset managers, we show strong evidence of asset managers engaging in strategic trading in order to “cloak” their most valuable trades. This takes the form, for instance, of a manager who sells her entire position of Microsoft on March 30, and then repurchases to re-establish the same position on…
| Lauren Cohen | Joshua Coval | Christopher Malloy
Mini West Virginias: Corporations as Government Dependents. Lauren Cohen, Joshua Coval, Christopher Malloy, 2014, Paper. "Much like states that rely on government spending, certain firms rely on the government for a substantial share of their revenues. Exploiting the statutory requirement that forces firms to list the identities of their major customers, we identify and examine the set of firms whose major customers are listed as government…