kaal:claim:2389423-032

The results contradict other studies finding an inverse relationship between the size of regulated firms and the per-unit cost of compliance, and suggest that financial regulation does not bring increasing returns to scale in the private fund industry.

Source quote, verbatim

contradict other studies that find an inverse relationship between the size of regulated firms and the per-unit cost of compliance. The results suggest that financial regulation does not bring increasing returns to scale in the private fund industry.

From

Wulf A. Kaal, The Impact of Dodd-Frank Act Compliance Cost on the Hedge Fund Industry (2014), Results, p. 19
https://ssrn.com/abstract=2389423 · source PDF

Cite as

Wulf A. Kaal, The Impact of Dodd-Frank Act Compliance Cost on the Hedge Fund Industry (2014). SSRN: https://ssrn.com/abstract=2389423

Holds when

private fund industry
Title IV compliance cost measured by survey data

Classification

empiricalsupport: evidencedprivate-funds

Verify

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