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 "@id": "https://wulfkaal.github.io/entities/legislative-reform",
 "identifier": "kaal:entity:legislative-reform",
 "name": "Legislative reform",
 "termCode": "legislative-reform",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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   "value": [
    "2014",
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2486570-031",
   "identifier": "kaal:claim:2486570-031",
   "text": "Corporate wrongdoers are unlikely to prefer regulation by prosecution over regulation by legislation because prosecution and execution of an agreement carry large reputational implications.",
   "abstract": "Because of the large reputational implications of prosecution and N/DPA execution, corporate wrongdoers are unlikely to favor \"regulation by prosecution\" to regulation by legislation.",
   "citation": "Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570",
   "datePublished": "2014",
   "claim_type": "mechanism",
   "confidence": "argued",
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   "source_pdf_sha256": "8c3981c9a55d8a3fe59a01660584eebc3feb3fb9109ca65344095bebe4ae49a4",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2486570-033",
   "identifier": "kaal:claim:2486570-033",
   "text": "In the long run, increased regulation by prosecution may be able to offset many of the shortcomings of legislative governance reform, even though it is less predictable than legislation.",
   "abstract": "In the long run, however, increased regulation by prosecution may be able to offset many of the shortcomings of leg- islative governance reforms.",
   "citation": "Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570",
   "datePublished": "2014",
   "claim_type": "predictive",
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2714974-017",
   "identifier": "kaal:claim:2714974-017",
   "text": "If Congress changes the tax treatment of carried interest, returns to hedge fund advisers and their investors are likely to fall markedly and the popularity of hedge funds will be severely tested.",
   "abstract": "Should Congress change the tax treatment of hedge fund managers, the returns to hedge fund advisers and their investors are likely to fall markedly.",
   "citation": "Kaal and Oesterle, The History of Hedge Fund Regulation in the United States (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2714974",
   "datePublished": "2016",
   "claim_type": "predictive",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "conditional on congressional elimination of the carried interest loophole"
   ],
   "source_pdf_sha256": "7764601d3ed5bb056b58949e8411eff9dfb9855f143719062030c980c5fa801b",
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  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'legislative-reform'. Derived node: a roster, not an adjudicated definition."
}