Consequences of state-level regulations in accounting, finance, and corporate governance: A review

Ahmed Al-Hadi and Ahsan Habib

Advances in accounting, 2023, vol. 60, issue C

Abstract: We review the literature on the consequences of U.S. state-level local regulations for various corporate outcomes in the accounting, finance, and corporate governance domain. We argue that state-level regulations might affect corporate outcomes through at least two channels. First, the state intervention channel that includes state regulations pertinent to auditor liability, director-liability, and shareholder litigation rights. Second, the dispute resolution channel as reflected in circuit court rulings. Our review shows that these regulatory and legal effects have had profound implications for various corporate outcomes.

Keywords: State-level regulation; Auditor liability; Universal demand law; Wrongful discharge law; Non-competition agreements; Circuit court rulings (search for similar items in EconPapers)
JEL-codes: K2 L51 M4 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:advacc:v:60:y:2023:i:c:s0882611022000499

DOI: 10.1016/j.adiac.2022.100630

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