European Firms’ Delisting Around Major Regulatory Shocks: The Cost-Benefit Tradeoff of the Financial Services Action Plan Available to Purchase

We thank Nicole Holden for research assistance on this project. We would also like to thank Tim Gray for his help editing the paper. We appreciate comments from Elizabeth Gordon, Bowe Hansen, Ole-Kristian Hope, Grace Pownall, Michael Welker, Ties de Kok (discussant), Jean Seow (discussant), Amal A. Said (discussant), an anonymous 2021 American Accounting Association (AAA) Spark Meeting of the Regions reviewer, a 2016 AAA Annual Meeting reviewer, and workshop participants at Florida International University, Oregon State University, the 2016 AAA Annual Meeting, the 2017 AAA International Accounting Section Midyear Meeting, and the 2016 Arizona State University and The University of Arizona Conference. We are grateful to Arizona State University, Florida International University, and University of Chile for research funding and to National University of Singapore’s Risk Management Institute for providing the necessary data.

Elizabeth Gutierrez, University of Chile, School of Business and Economics, Department of Management Control and Information Systems, Santiago, Chile; Maria Rykaczewski, Arizona State University, W. P. Carey School of Business, School of Accountancy, Tempe, AZ, USA; Maria I. Vulcheva, Florida International University, College of Business, School of Accounting, Miami, FL, USA.

Supplemental material is available online, as linked in the text.

Editor’s note: Accepted by Edward Lee, under the Senior Editorship of Steve Lin.