منابع مشابه
The 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...
متن کاملThe Sarbanes-Oxley Act and Corporate Investment: A Structural Assessment∗
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...
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...
متن کاملDeterring Obstruction of Justice Efficiently: the Impact of Arthur Andersen and the Sarbanes-oxley Act
Recent changes to the law governing the obstruction of justice have coincided with a string of highly visible prosecutions, including those of Martha Stewart,1 Frank Quattrone,2 and I. Lewis “Scooter” Libby, Jr.3 Among such prosecutions, that of the accounting firm Arthur Andersen LLP is foremost in legal significance. From the start, the government and Arthur Andersen disputed how the jury wou...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Business & Economics Research (JBER)
سال: 2011
ISSN: 2157-8893,1542-4448
DOI: 10.19030/jber.v6i10.2479