The impact of the Sarbanes-Oxley Act: Early evidence from earnings management

Craig A. Depken; Bo Ouyang

doi:10.1080/17446540600606223

The impact of the Sarbanes-Oxley Act: Early evidence from earnings management

Craig A. Depken
, Bo Ouyang

Management Division (Great Valley)

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

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.

Original language	English (US)
Pages (from-to)	347-351
Number of pages	5
Journal	Applied Financial Economics Letters
Volume	2
Issue number	6
DOIs	https://doi.org/10.1080/17446540600606223
State	Published - Nov 2006

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

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10.1080/17446540600606223

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abstract = "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.",

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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.

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The impact of the Sarbanes-Oxley Act: Early evidence from earnings management

Abstract

All Science Journal Classification (ASJC) codes

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