This paper investigates whether the NYSE and Sarbanes Oxley Act requirements for the independence and the financial knowledge of directors sitting on the board and the audit committee improve corporate hedging decisions. Our original hand collected dataset allows multiple definitions for...

This paper provides an independent assessment of the effects of the New York Stock Exchange (NYSE) and the Sarbanes Oxley act (SOX) requirements of independence and financial literacy on the use of derivatives for hedging purposes. Our original hand collected database on directors' university...

We examine the long run performance of Mamp;A transactions in the property-liability insurance industry. We specifically investigate whether such transactions create value for the bidders' shareholders and assess how corporate governance mechanisms affect such performance. Our results show that...

The new NYSE rules for corporate governance require the audit committee to discuss and review the firm's risk assessment and hedging strategies. They also put additional requirements for the composition and the financial knowledge of the directors sitting on the board and on the audit committee....

This paper tests the effects of the independence and financial knowledge of directors on risk management and firm value in the gold mining industry. Our original hand-collected database on directors' financial education, accounting background, and financial experience allows us to test the...

In this paper, we assess empirically the effect of two requirements set by the SOX (audit committee entirely composed of independent members and at least one member is financially knowledgeable) and four requirements set by the NYSE (majority of independent directors in the board, audit...