haku: @author Wang, X. / yhteensä: 8
viite: 4 / 8
| Tekijä: | Engel, E. Hayes, R. M. Wang, X. |
| Otsikko: | The Sarbanes-Oxley Act and firms' going-private decisions |
| Lehti: | Journal of Accounting & Economics
2007 : SEP, VOL. 44: 1-2 p. 116-145 |
| Asiasana: | corporate governance decision making accounting reforms auditing USA |
| Kieli: | eng |
| Tiivistelmä: | This paper examines going-private decisions in response to the passage of the Sarbanes-Oxley Act of 2002 (hereafter as: SOX). The sample includes firms that go private from 1998 to May 2005. Findings reveal that 1. the quarterly frequency of going-private transactions increases after the passage of SOX, 2. abnormal returns surrounding the passage of SOX and the going-private announcement are clearly related to proxies for the costs and benefits of SOX, and, furthermore, the net benefits of being a public firm. To conclude, SOX has affected firms' going-private decisions. |
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