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...

We analyze the mortgage meltdown as a “normal accident” (Perrow, 1984). We begin by briefly outlining normal accident theory; both Perrow's original version and Mezias' (1994) subsequent extension. We then use normal accident theory to analyze the mortgage meltdown and draw a few insights...

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...

This article examines the quot;journeyquot; of management accounting education over the past 50 years, evaluates the state of the field today, and presents my personal observations about teaching approaches. I observe that we have seen a substantial addition of management accounting courses to...