purpose: this paper addresses whether and how the sarbanes-oxley act of 2002(sox) affects shareholder wealth (firm value) by focusing on the trade-off between improved corporate governance leading to a lower cost of capital and increased managerial compliance costs of regulations. design/methodology: we use an analytical model of solving the management utility maximization function and the chan...

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Compliance-awareness is undoubtedly of utmost importance for companies nowadays. Even though an automated approach to compliance checking and enforcement has been advocated in recent literature as a means to tame the high costs for compliance-awareness, the potential of automated mechanisms for supporting business process compliance is not yet depleted. Business process compliance deals with th...

Background: We have previously reported multiple health benefits in individuals following the Christian-based fasting protocol known as the Daniel Fast (DF). However, our prior work has involved only short-term (21-day) assessments. For dietary modification to have a profound impact on health, compliance to the dietary plan must be established for the long-term. Materials and Methods We determi...

This paper investigates whether shareholder value is affected by non-compliance with the prescriptions of a principle-based ‘comply or explain’ system corporate governance in context global financial crisis 2007–2009. Using System Generalized Method Moments estimates to control for different types endogeneity, main findings this suggest that UK Corporate Governance Code adversely affects value....

In this paper we analyze compliance games, which are games induced by agent-labeled Kripke structures, goal formulas in the language of ctl and behavioral constraints. In compliance games, players are rewarded for achieving their goals while complying to social laws, and punished for non-compliance. Design of these games is an attempt at incentivizing agents to be compliant. We analyze the core...