Regulatory Fragmentation

Jan 27, 2022
SSRN Data Paper More information...

About the Regulatory Measures

We use Federal Register, the daily journal of US regulators, to create a measure of regulatory fragmentation. The main variable, Regulatory_Fragmentation, reflects the variety of agencies a company is exposed to in a given year. Higher values of this variable suggest that a company is regulated by more agencies.

Additional Variables

  • Topic_Dispersion - Shows the dispersion of topics raised by the company in their annual reports.
  • Regulation_Quantity - Reflects the amount of the relevant regulations.

Publication

We describe the construction of this data in more detail in the paper "Regulatory Fragmentation" with Joseph Kalmenovitz and Michelle Lowry.

Last update: 2020

regulation data government activity regulatory fragmentation fragmentation
Ekaterina Volkova
Ekaterina Volkova
Associate Professor, Department of Finance

My research interests include corporate governance and monitoring of public companies by shareholders and regulators.