Industry-Wide Effects of the Sarbanes-Oxley Act of 2002
- Topics:
- Sarbanes Oxley Compliance
- Tags:
- Capital Market,
- Strategy,
- Sarbanes-Oxley Act,
- Sarbanes-Oxley,
- Regulatory Compliance,
- Regulations,
- Policies And Procedures,
- Management,
- Investment,
- Industry,
- ...
- Source:
- University of Memphis
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Overview: The Sarbanes-Oxley Act of 2002 (the Act) is perhaps the most notable example of federal legislation aimed at reestablishing corporate accountability and restoring investor confidence. This study examines whether the capital market reactions to the passage of the Act vary among industries. It finds that some industries are positively affected, while several others are negatively impacted by the passage of the Act. Results suggest that financial scandals were not limited to a handful of companies because investors perceived them to be an industry wide problem.
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Format: PDF | Size: 34KB | Date: Apr 2005 | Pages: 1




