Chang, Hsihui; Fernando, Guy D.; Liao, Woody - In: Review of Accounting and Finance 8 (2009) 3, pp. 216-231
Purpose – The purpose of this paper is to investigate the impact of the Sarbanes‐Oxley Act (SOX) on market‐based measures of earnings quality and cost of capital. Design/methodology/approach – The paper uses empirical data to determine measures for the market's perception of earnings...