The K@W Network:
Associate Professor of Accounting
Insider trading by politically connected bankers spiked just before the massive bailouts of October 2008, research by Wharton professor Daniel Taylor shows.
Almost nobody can fully understand big companies’ dense, complex and overlong financial statements, and all those issues are only getting worse. That part is obvious. Why it’s happening is not.
Research co-authored by Wharton’s Daniel Taylor reveals that an IPO shortcut implemented as part of the JOBS Act in 2012 has had unintended — and costly — consequences.