Under the modern enterprise system, the principal-agent relationship can cause a conflict of interests between the two power counterparts, thus affecting the degree of corporate tax avoidance. As a tool to align the interests of management and owners, management equity incentives can alleviate...

The article proposed refinements to the U.S. Sarbanes-Oxley Act of 2002 to strengthen the effectiveness and fairness of the investigations of the financial statements and the MD&A (management discussion and analysis), while minimizing costs. Specifically, legislation is advocated to improve...