The debate about the costs of complying with the Sarbanes-Oxley Act of 2002 (SOX) continues. This paper contributes to the debate in several ways. First, in contrast to prior studies, this study presents a large sample documentation (1,493 firms per year over four years after SOX was enacted) of...

This paper investigates operational hedging against severe disruptions to normal operations. It offers a new method to evaluate the extent that operations policy serves as a hedge against adverse circumstances. We apply the proposed method to explore how supply chain characteristics affect the...