This paper investigates the effects of the Sarbanes-Oxley Act (SOX) on CEO compensation, using panel data constructed for the S&P 1500 firms on CEO compensation, financial returns, and reported accounting income. Empirically SOX (i) changes the relationship between a firm's abnormal returns and...

Using hand-collected data, we show that disclosure of non-earnings guidance, especially that about a firm's long-term value creation — capital expenditure (CAPEX) guidance and strategic plan disclosure (SPD) — was common even before the debate on earnings guidance gained momentum. Firms with...

There is a tenuous link between market efficiency and economic efficiency in that stock prices are more informative when the information has less social value. We theoretically and empirically investigate this link in the context of CEO turnover. Our theoretical model predicts that, although the...

Over the last years, the rapid pace of development of the nanotechnology industry has placed it as one of the leading industries, which occupies a significant part of the total world production share. The specific technology used in the nanotechnology industry, the distinctive features and...

Current business law textbooks oversimplify instruction of administrative law, giving students a misleading picture of how agency rules are made. This oversimplification mischaracterizes systemic realities that future business leaders need to know. Instructors of business law and accounting...

This study aims to examine the effect of CEO compensation, duality of managing director, and quality of internal organizational controls on audit fee. Audit fee is the written fee in the related financial statements; CEO compensation is extracted from the decisions in the public meeting session....

Firms are under increasing pressure to implement effective internal whistleblowing systems. While firms can provide incentives to encourage internal whistleblowing, it remains controversial how such incentives should be structured. We examine whether the effectiveness of incentives encouraging...

Coletti, Sedatole, and Towry (2005) provide seminal evidence that controls can increase trust and cooperation. Garrett, Livingston, and Tayler (2018) replicate and extend Coletti et al. (2005), providing evidence that the results extend to different tasks and to individuals in non-interactive...

This study aims at examining the impacts of internal control practices on financial accountability in Islamic non-profit organizations (NPOs) in Malaysia. Thus, this study applies an explanatory case study method to analyze intervention of life events which form the internal control practices....

This paper shows the types of risks that an enterprise which participates in controlled transactions should undertake to its risk examination procedure. This work clarifies these risks and analyzes them. The identification of risks pends on the business abilities of the companies which...