S. Knewtson, Heather; R. Nofsinger, John - In: Managerial Finance 40 (2014) 2, pp. 157-175
opportunistic managers, and in samples of CEOs with prior CFO experience. Findings – The authors provide evidence that SOX affected … executives differently and provide support for the scrutiny hypothesis. CFO-based portfolios remain the most profitable post … acumen of CFOs does not appear to be supported. CEO purchase trade returns appear to be lower than CFO returns because CEOs …