Regulation and Sarbanes-Oxley
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چکیده
Many of the papers in this special issue are concerned with regulation and some with the Sarbanes-Oxley Act (SOX). In this commentary, I will begin by summarizing the arguments for regulation that have been made in the literature.1 I will then consider whether these arguments apply to SOX. I will suggest that, rather than being based on sound principles, regulation often seems to be a consequence of the public’s need for action in response to a crisis, and that this was the case with SOX. I will argue that the recent financial meltdown provides another example of the same phenomenon.
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Part 1980—procedures for the Handling of Discrimination Complaints under Section 806 of the Corporate and Criminal Fraud Account- Ability Act of 2002, Title Viii of the Sarbanes-oxley Act
(a) This part implements procedures under section 806 of the Corporate and Criminal Fraud Accountability Act of 2002, Title VIII of the Sarbanes-Oxley Act of 2002 (‘‘Sarbanes-Oxley’’ or ‘‘Act’’), enacted into law July 30, 2002. Sarbanes-Oxley provides for employee protection from discrimination by companies and representatives of companies because the employee has engaged in protected activity ...
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=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 ...
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