Sarbanes Oxley act of 2002: implications for complying corporations
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منابع مشابه
The Sarbanes Oxley Act of 2002: Implications for Compensation Structure and Risk-Taking Incentives of CEOs
This paper investigates the effect of the Sarbanes-Oxley Act (hereafter, SOX) on the compensation structure and the risk-taking incentives of CEOs as revealed by their research and development expenses and capital expenditures. We hypothesize that firms will respond to the additional liability imposed by SOX on corporate executives by altering the mix of incentive compensation to fixed salary a...
متن کاملThe Sarbanes Oxley Act of 2002: Implications for Compensation Contracts and Managerial Risk- Taking
We document that the period following the passage of the Sarbanes Oxley Act of 2002 (SOX) is associated with a significant reduction in compensation-based incentives to take risk, which is related to a decline in risky investments. Moreover, consistent with the rules in SOX directly affecting CEOs’ incentives to take risk, we document that the decline in risky investments exceeds the amount tha...
متن کاملDiscussion of A Lobbying Approach to Evaluating the Sarbanes-Oxley Act of 2002
=1204442. DUARTE, J.; K. KONG; L. A. YOUNG; AND S. SIEGEL. “Foreign Listings, U.S. Equity Markets, and the Impact of the Sarbanes-Oxley Act, 2007. Working paper, University of Washington, 2007. ENGEL, E.; R. M. HAYES; AND X. WANG. “The Sarbanes–Oxley Act and Firms’ Going-Private Decisions.” Journal of Accounting & Economics 44 (2007): 116–45.FAMA, E., AND K. FRENCH. “Common Risk Factors in ...
متن کاملThe Impact of the Sarbanes-Oxley Act of 2002 on the Value Relevance of Nonaudit Fees
In the wake of the Enron and WorldCom accounting scandals, nonaudit services provided by auditors have come under the scrutiny of Congress as reflected in the Sarbanes-Oxley Act of 2002. In an attempt to better understand the impact of the Act, this study sets forth two specific objectives. The first objective is to examine the value relevance of auditor’s fees. The other objective is to invest...
متن کاملWas the Sarbanes-Oxley Act good news for corporate bondholders?
This study examines the impact of the Sarbanes-Oxley Act (SOX) on bondholders, a significant investor group that has not been previously considered in the SOX literature. We find that bond values decline around the announcement of events leading up to the passage of SOX, consistent with market participants expecting SOX to impose net costs on bondholders. We further find that the decline in bon...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2008
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv5i3c2p3