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The impact of the sarbanes-oxley act of 2002.
| Content Provider | CiteSeerX |
|---|---|
| Author | Stephen, Sheryl-Ann K. Apilado, Vince P. |
| Abstract | The Sarbanes-Oxley Act (SOX) addresses the quality of financial reporting and operations as well as corporate governance, and aims to improve the overall financial information environment by increasing the accuracy and reliability of corporate disclosure. This study investigates security analysts performance following the enactment of SOX. Findings indicate that forecast accuracy has decreased for all firms in the sample. Also, security analysts have become pessimistic in their earnings forecasts post-SOX. The evidence suggests that SOX has not had a positive impact on security analysts performance, which has actually deteriorated post-SOX. |
| File Format | |
| Access Restriction | Open |
| Subject Keyword | Sarbanes-oxley Act Security Analyst Performance Forecast Accuracy Corporate Disclosure Overall Financial Information Environment Financial Reporting Corporate Governance Earnings Forecast Positive Impact Security Analyst |
| Content Type | Text |
