kaal:claim:2816408-028

To sharpen assignment to treatment and control, actual registration histories were pulled from the SEC's IAPD website and historical Form ADV data and combined with Morningstar variables to build two additional control groups: firms already registered with no status change, and foreign firms completely unaffected by the US legal regime.

Source quote, verbatim

create two additional control groups of exempt reporting advisers (ERAs): (1) only firms that were already registered and had no change in status, and (2) foreign firms that are completely unaffected by the US legal regime.

From

Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance – Evidence from 2010 – 2015 (2016), 6. NARROWER RD DESIGN, p. 12
https://ssrn.com/abstract=2816408 · source PDF

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

Holds when

tighter RD designs
US versus non-US adviser eligibility rules differ

Classification

designsupport: argueddisclosureprivate-funds

Verify

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