Gavious, Ilanit; Rosenboim, Mosi - In: American Law and Economics Review 15 (2013) 1, pp. 300-332
This study examines whether and how the passage of the Sarbanes-Oxley Act (SOX) affected earnings quality, proxied by accrual measures, prior to mergers and acquisitions (M&A). Given that the capital markets underwent unusual vicissitudes in the period leading up to the passage of SOX, we...