This paper examines the effects on equity Home Bias of two mechanisms adopted by Euronext when it was formed by the merger of four European countries' stock exchanges in 2002. Home Bias is the well-documented tendency of investors everywhere to over-invest in domestic securities relative to...

I study how increased internal control disclosure requirements mandated by the Sarbanes-Oxley Act (SOX) affect annual corporate governance decisions regarding CFOs. Using non-CEO, non-COO executive officers as a control group, I find that CFOs of firms with weak internal controls receive lower...

We examine stock and bond market reactions to the key events leading to the passage of the Dodd-Frank Act to provide empirical evidence on the economic impact of the Act on systemically important financial firms. Using large foreign financial institutions and small/medium sized domestic...

A dual-class ownership structure, accompanied by disproportional control rights, is traditionally considered to be an inferior form of governance. We examine how the capital structure choices made by dual-class firms (i.e., by their controlling shareholders or insiders), as well as the...

We examine the relation between audit committee compensation and the demand for monitoring of the financial reporting process. We find that total compensation and cash retainers paid to audit committees are positively correlated with audit fees and the impact of the Sarbanes-Oxley Act, our...

In this research, we consider an online assortment optimization problem, where a decision-maker needs to sequentially offer assortments to users instantaneously upon their arrivals and users select products from offered assortments according to the contextual multinomial logit choice model. We...

We re-evaluate the effects of the Sarbanes Oxley Act (SOX) on the number of listed firms in the U.S. capital market, taking into account general market conditions and firm fundamentals, especially size and profitability. By analyzing a comprehensive dataset of delistings from U.S. national stock...

We investigate firms' going-private decisions in response to the passage of the Sarbanes-Oxley Act of 2002 (SOX). The Act has the potential to bring both benefits, in terms of more transparent disclosure and improvements in corporate governance, and costs, in terms of complying with the new...