
When Congress passed the Financial Investment and National Security Act (FINSA) in 2007, it was meant to bolster national security. However, new research from the Terry College shows it put American companies at a global disadvantage.

Corporate executives are likely to withhold bad news from their shareholders, especially when their jobs could be on the line. But companies that provide generous severance packages to their executives give them confidence to share failures as readily as successes, according to Terry College of Business accounting professor John Campbell.