The Effect of the Sarbanes-Oxley Act on Non-US Companies Cross-Listed in the US

By Kate Litvak. 2007

245 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/64c3f1b9fa78f04ec3bb2f8f0dde59f41caa2dd0

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Citations in the corpus

Compliance and multidimensional firm performance: Evaluating the efficacy of rule-based code of corporate governance (2013, unknown): “In contrast, Zhang (2007) and Litvak (2007) reported a negative reaction of investors towards adoption of recommendations of Sarbanes-Oxley Act.”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, methodology): “Litvak (2007) studies the impact of the adoption of SOX on foreign firms cross-listed in the U.S. on cross-listing levels 2 and 3, which were made subject to most SOX rules.”
Shareholders’ Say on Pay: Does It Create Value? (2010, unknown): “…(1983), Sefcik and Thompson (1986), Karpoff and Malatesta (1989), (1995), Brook, Hendershott, and Lee (1998), Johnson, Kasznik, and Nelson (2000), Berger, Li, and Wong (2005), Greenstone et al. (2006), Li, Pincus, and Rego (2008), Chhaochharia and Grinstein (2007), Litvak (2007), and Zhang (2007).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “…firms and to estimate the return differential between U.S. cross-listed firms that have to comply with SOX and U.S. crosslisted firms that are exempt from SOX (Litvak, 2007; Li, 2014).48 The idea of this test is that firms with U.S. cross-listings have similar exposure to confounding U.S. events.”
Economic Consequences of the Sarbanes-Oxley Act of 2002 (2007, unknown): “Further, consistent with Litvak (2005), I find that SOX-complying foreign firms on average experience a negative cumulative abnormal return around key SOX rulemaking events.”
Has New York become less competitive than London in global markets? Evaluating foreign listing choices over time (2009, methodology): “Based on Zingales (2007) and Litvak (2007a), we would expect to see a statistically significant decline in the cross-listing premium for US exchange listings in both groups of countries, but even larger in that of low block premium countries.”