We review and assess research findings from more than 120 papers in accounting, finance,
and law to evaluate the impact of the Sarbanes-Oxley Act. We describe significant …

This paper discusses the empirical literature on the economic consequences of disclosure
and financial reporting regulation, drawing on US and international evidence. Given the …

Exploiting a unique setting in China where internal controls are intended to manage risks,
we investigate how internal controls shape the cash holding policies. Results show that firms …

The internal audit function (IAF) assists management in improving internal controls over
operations, reporting, and compliance. While many studies examine the association …

We investigate whether ineffective internal control over financial reporting has implications
for firm operations by examining the association between inventory-related material …

In this study, we examine whether internal control over financial reporting affects firm
operational efficiency. We find that operational efficiency, derived from frontier analysis, is …

Environmental, social and governance (ESG) considerations have dominated the discussion
of corporate purpose in recent years. We examine commonly accepted notions about ESG …

We show theoretically and empirically that measurement error can bias in favor of falsely
rejecting a true null hypothesis (ie, a “false positive”) and that regression models with high …

Over the past decade, two novel approaches to corporate criminal prosecution have
emerged, the Deferred Prosecution Agreement (" DPA") and Non Prosecution Agreement (" …

We quantify measurable benefits and costs of exempting firms from auditor oversight of
internal control effectiveness disclosures. We measure the benefit of exemption as an …