Sarbanes Oxley Act Of 2002: Is It Worth The Price?
نویسندگان
چکیده
منابع مشابه
The 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 کاملThe 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 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 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 کاملThe Sarbanes-Oxley Act and the Flow of International Listings
This paper examines cross-listing behavior onto U.S. and U.K. stock exchanges following the enactment of the Sarbanes-Oxley Act, and tests two propositions. First, has the rate of foreign cross-listings onto U.S. exchanges decreased in the period following the enactment of the Act? Second, are foreign exchanges in particular, the London Stock Exchange attracting foreign firms in the post-Act pe...
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ژورنال
عنوان ژورنال: Journal of Business & Economics Research (JBER)
سال: 2011
ISSN: 2157-8893,1542-4448
DOI: 10.19030/jber.v5i8.2571