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...

The human is frequently referred to as the weakest link of security. Employees who engage in behaviors contrary to their organization’s security policy often cause undesirable outcomes. This research presents a dual-processing model explaining and predicting secure behavior in relation to password policies. The model posits that the number of password security layers (technical controls), train...

This study adopts Neo-Institutional Theory (NIT) to address the underlying differences in information security policy compliance between the banking industry and the higher education. Drawing on NIT, this study examines how regulative, normative, and cognitive expectations influence the internal organizational efforts of staying compliant across both industries. Using the Partial Least Square (...

This paper investigates how conservative managers make corporate decisions. Motivated by psychology research, we use handwritten signatures (i.e., emotionally restraint disclosure styles) as a proxy for CEO conservatism. We find that firms with CEOs engage more safer investments (capital expenditures), less risky policies (Research & Development expenses and debt financing), hold cash, are like...

We examine relations between board size, managerial incentives and enterprise performance in nonprofit organizations. We posit that a nonprofit’s demand for directors increases in the number of programs it pursues, resulting in a positive association between program diversity and board size. Consequently, we predict that board size is inversely related to managerial pay-performance incentives a...

This paper examines the impact of repeated renegotiation on incentives and managerial tenure when performance information is serially correlated. In addition to providing a general solution to a multi-period agency problem with serially correlated performance measures, the paper characterizes optimal managerial tenure/turnover policies as a function of the time-series properties of performance ...

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 cha...

This paper investigates the characteristics of firms that adopt persistent conservative financial policies. We are mainly interested in the determinants of the likelihood of firms adopting the persistent policies of low-leverage and high-cash holdings simultaneously. In this paper, we classify firms as financially conservative if they adopt both low-leverage and high-cash policies at the same t...

Alcohol and Other Drug Policy [2] Annual Fire Safety Report [3] Annual Security Report [4] Climate Reporting & Nondiscrimination Policies [5] Confidential CARE Advocate [6] UC Student Complaint Process [7] Freedom of Speech Policies [8] Sexual Harassment and Sexual Violence Policy [9] Sexual Assault, Dating/Intimate Partner Violence, Domestic Violence, Stalking: Reporting Options and Resources ...