Detail Corporate Governance and Firm Value: the Impact of the 2002 Governance Rules (Journal of Finance, Forthcoming) Bibliografi Author: Chhaochharia, Vidhi ; Grinstein, Yaniv Topik: Governance; Sarbanes Oxley; Exchange Rules Bahasa: (EN )     Penerbit: Blackwell Publishing     Tempat Terbit: Oxford    Tahun Terbit: 2007     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Corporate governance and firm value the impact of the 2002 governance rules.pdf (279.52KB; 17 download) Abstract The 2001 to 2002 corporate scandals led to the Sarbanes Oxley Act and to various amendments to the U.S. stock exchanges' regulations. We find that the announcement of these rules has a significant effect on firm value. Firms that are less compliant with the provisions of the rules earn positive abnormal returns compared to firms that are more compliant. We also find variation in the response across firm size. Large firms that are less compliant earn positive abnormal returns but small firms that are less compliant earn negative abnormal returns, suggesting that some provisions are detrimental to small firms. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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