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Record W1593029242

Is Less Really Better

2003· article· en· W1593029242 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.
aboutThe title or abstract carries a Canadian signal from the geographic lexicon.

Bibliographic record

VenueSSRN Electronic Journal · 2003
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicSecurities Regulation and Market Practices
Canadian institutionsUniversity of Alberta
Fundersnot available
KeywordsMoral hazardBusinessFinancial marketEnforcementInformation asymmetryAuditAccountingIncentiveSecurities fraudIndependence (probability theory)Sarbanes–Oxley ActLitigation risk analysisCapital marketFinanceFinancial regulationEconomicsMarket economyLawPolitical science
DOInot available

Abstract

fetched live from OpenAlex

The need for financial market regulation is often justified by the potential for market failure arising from the information gap between managers — who possess inside information — and investors (information asymmetry), as well as from misaligned incentives (moral hazard). However, very little attention has been paid to the potential for regulatory failure. After the dot-com bubble, all market agents (directors, auditors, financial analysts, accounting standard setters) can be asked why they failed to prevent the scandals that engulfed companies such as Enron, WorldCom and Tyco. New laws in the US (Sarbanes-Oxley Act) and new Canadian independence rules indicate that the predominant view among legislators is that we need more regulation, more severe penalties, and larger enforcement budgets to protect financial markets from fraud.However, since financial markets have been regulated for the past 70 years, the same question can be asked of the regulators — why did they fail to protect investors from fraud?We could be even more impolite and ask whether too much (misguided) regulation is making financial markets more vulnerable to fraud. Regulators could just as likely be the cause of our problems as the solution.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.609
Threshold uncertainty score0.947

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.014
GPT teacher head0.237
Teacher spread0.223 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it