Purpose – The Sarbanes-Oxley Act (SOX) mandated a variety of corporate governance mechanisms to improve the transparency of financial reporting quality. This paper's aim is to investigate whether SOX's recently mandated disclosure of corporate governance structures affects the market's...

The passage of Sarbanes-Oxley Act (SOX) marks the beginning of cross-listed foreign firms' mandatory disclosure of audit committee composition and other corporate governance information. We posit that SOX improves the effectiveness of an independent audit committee and other corporate governance...

Announcing a layoff decision could trigger either an increase or decrease in firm value, depending upon whether adverse market conditions or efficiency improvement are motivating it. Layoff announcements often contain information that indicates the motivation. This article finds that the layoff...