We examine whether a firm's composition of its institutional ownership affects its likelihood of disclosing material weaknesses in its internal control system under SOX 302 and 404 and, hence, its post-disclosure firm performance. The findings indicate that dedicated institutional investors...

Using a sample of firms that disclose internal control material weaknesses under Sections 302 and 404 of the Sarbanes-Oxley Act, we investigate the relations between the accuracy and bias of financial analysts' earnings forecasts and disclosed internal control material weaknesses. We find that...