Vega, Jose G; Smolarski, Jan; Zhou, Haiyan - In: Asian Review of Accounting 23 (2015) 1, pp. 86-106
Purpose – The purpose of this paper is to examine if the enactment of Sarbanes-Oxley (SOX) resulted in lower risk premium and return volatility in the US stock markets. The paper examines the two components of excess return (total risk premium) separately: the amount of volatility (risk) and...
