Choi, Seung Hee; Frye, Melissa B.; Yang, Minhua - In: The Quarterly Review of Economics and Finance 48 (2008) 4, pp. 756-771
The Sarbanes-Oxley Act of 2002 (SOX) was aimed at enhancing corporate governance, financial reporting, and audit functions. This study compares the market reaction of firms with weak and strong protection of shareholder rights to the passage of SOX. We find that firms with weak shareholder...
