# kaal:claim:2816408-017

**Claim.** A fuzzy regression discontinuity design was run to test whether the discontinuity occurred at a date other than March 30, 2012, on the theory that advisers may have anticipated compliance costs in the preceding months.

**Type.** design  **Support.** argued

**Holds when.**

- entire sample
- anticipation of compliance costs before the effective date

**Source quote.**

> The reason for implementing FRD is that hedge fund advisers may have anticipated the costs of compliance with mandatory disclosure in the months preceding the enactment of the Dodd Frank Act.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015* (2016), 5.2.2. Regression Discontinuity, page 11

**Cite as.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408

**Verify.** sha256 of source PDF `dc3b2f9e60e42ea1b42c2e0062d65569675b014c05fcd30b15ad44d2410b2ce7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202016%20-%20Did%20the%20Dodd-Frank%20Act%20Impact%20Private%20Fund%20Performance%20%20%E2%80%93%20Evidence%20from%202010%20%E2%80%93%202015.pdf

**Topics.** research-methods

**Keywords.** fuzzy-regression-discontinuity, anticipation-effects, research-design, robustness

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