TY - JOUR
T1 - The impact of the Sarbanes-Oxley Act
T2 - Early evidence from earnings management
AU - Depken, Craig A.
AU - Ouyang, Bo
PY - 2006/11
Y1 - 2006/11
N2 - This study investigates the impact of the Sarbanes-Oxley Act, passed in October 2002, on earnings management practices amongst firms in the three major US stock market exchanges. The evidence suggests that immediately after the Sarbanes-Oxley Act was enacted earning management declined by up to 12%, indicating that the political and economic costs of misleading the market through manipulation of earnings may have increased.
AB - This study investigates the impact of the Sarbanes-Oxley Act, passed in October 2002, on earnings management practices amongst firms in the three major US stock market exchanges. The evidence suggests that immediately after the Sarbanes-Oxley Act was enacted earning management declined by up to 12%, indicating that the political and economic costs of misleading the market through manipulation of earnings may have increased.
UR - http://www.scopus.com/inward/record.url?scp=33847255087&partnerID=8YFLogxK
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U2 - 10.1080/17446540600606223
DO - 10.1080/17446540600606223
M3 - Article
AN - SCOPUS:33847255087
SN - 1744-6546
VL - 2
SP - 347
EP - 351
JO - Applied Financial Economics Letters
JF - Applied Financial Economics Letters
IS - 6
ER -