Does audit committee independence improve information content of earnings under the Sarbanes-Oxley act?
نویسندگان
چکیده
منابع مشابه
Information Content of Public Firm Disclosures and the Sarbanes-Oxley Act∗
We find evidence that public firm disclosure, in the form of Management Discussion and Analysis (Sections 7 and 7a of annual reports), is more informative about the firm’s future risk following the passage of the Sarbanes-Oxley Act of 2002. Employing a novel text regression, we are able to predict, out of sample, firm return volatility using the Management Discussion and Analysis section from a...
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We assess the impact of the Sarbanes-Oxley Act of 2002 on corporate investment in an investment Euler equation framework, where a dummy for the passage of the Act is allowed to affect the rate at which managers discount future investment payoffs. Using generalized method of moments estimators, we find that the rate U.S. firm managers apply to discount investment projects rises significantly aft...
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Section 404 of the Sarbanes Oxley (SOX) Act addresses the effectiveness of internal controls, which in most organizations are either fully or partially automated due to the pervasiveness and ubiquity of information technologies. Significant or material control deficiencies have to be reported publicly. The adverse impact on organizations declaring deficiencies can be severe, for example, damage...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2008
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv5i2c1p2