Wang, Weishen; Graefe-Anderson, Rachel; Pyles, Mark K.; … - In: The Quarterly Review of Economics and Finance 54 (2014) 1, pp. 82-91
This study investigates the relationship between managerial entrenchment and how firms meet or beat earnings forecasts. It further examines whether this relationship changes before and after the Sarbanes–Oxley Act (SOX). We find that, in the pre-SOX era, entrenched managers meet or exceed...