DEFOND, MARK L.; HANN, REBECCA N.; HU, XUESONG - In: Journal of Accounting Research 43 (2005) 2, pp. 153-193
We examine three-day cumulative abnormal returns around the announcement of 702 newly appointed outside directors assigned to audit committees during a period before implementation of the Sarbanes-Oxley Act (SOX). Motivated by the SOX requirement that public companies disclose whether they have...
