Internal Control Weakness and Cost of Equity: Evidence from SOX Section 404 Disclosures

By M. Ogneva, K. Subramanyam, K. Raghunandan. 2007

446 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/18ca97b06cdfc638de50ee8bd8903937c2dca7d0

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Citations in the corpus

Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “However, disclosures of internal control weaknesses under Section 404 are not associated with a negative stock price reaction, a decrease in analyst forecast revisions, or an increase in cost of equity capital (Ogneva et al., 2007; Beneish et al., 2008).”
How Does Internal Control Regulation Affect Financial Reporting (2010, background): “11 characteristics, Ogneva et al. (2007) fail to find cost of capital increases for firms with internal controls weaknesses.”
Internal Control and Management Guidance (2009, background): “We first add to the debate on the merits of Section 404 (e.g., Cox, 2007; Gao et al., 2009; Ogneva et al., 2007).”
Earnings Smoothness, Average Returns, and Implied Cost of Equity Capital (2010, unknown): “Finally, this study contributes to a growing literature that raises concerns over crosssectional inferences from implied cost of capital tests (Easton and Sommers 2007; Ogneva et al. 2007).”
Shall We Talk? The Role of Interactive Investor Platforms in Corporate Communication (2020, background): “Prior studies evaluate alterative empirical estimates of implied cost of capital and reach different conclusions on their relative pros and cons (Ogneva et al. 2007).”
Executive Pay Disparity and the Cost of Equity Capital (2013, result): “However, Value Line has a much smaller coverage compared with the Institutional Brokers’ Estimate System (IBES) database and may have a potentially serious sample selection problem (Ogneva, Subramanyam, and Raghunandan (2007)).”
Internal Control and Stock Price Crash Risk: Evidence from China (2017, background): “Specifically, several studies document that firms with ICW are charged a higher cost of equity (Ashbaugh-Skaife, Collins, Kinney, & Lafond, 2009; Ogneva et al., 2007), public debt (Dhaliwal, Hogan, Trezevant, & Wilkins, 2011), and private debt (Kim, Song, & Zhang, 2011) than those without ICW.”