Trends in Earnings Management and Informativeness of Earnings Announcements in the Pre- and Post-Sarbanes Oxley Periods

By Daniel A. Cohen, Aiyesha Dey, Thomas Z Lys. 2005

184 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/70991285885e57aab6be433540d469887f287e01

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

Citations in the corpus

Corporate Governance and Pay-for-Performance: The Impact of Earnings Management (2008, background): “Gao and Shrieves (2002), Bergstresser and Philippon (2006), Cohen, Dey, and Lys (2005), and Cheng and Warfield (2005) all find that the magnitude of discretionary accruals is greater and earnings management is more prevalent at firms in which managers' wealth is more closely tied to the value of…”
The impact of corporate governance mechanisms on real and accrual earnings management practices: evidence from Jordan (2019, methodology): “Drawing upon OECD and UK recommendations (OECD, 2004; and Cadbury, 1992), the 2009 JCGC recommends that at least one-third of board members should be independent. This approach is supported by findings in most previous literature, both for AEM, for example Beasley (1996) and Dechow et al. (1996), Kl”
Corporate governance and earnings management at large U.S. bank holding companies (2009, methodology): “For example, Cohen et al. (2004) find that earnings management began to increase steadily around 1997, peaking in 2002.”
Economic Consequences of the Sarbanes-Oxley Act of 2002 (2007, unknown): “Although Cohen et al. (2004b) document a significant decline in the 24Based on Lo (2003)’s method, the bootstrapped p-values are calculated as follows: one-tailed p-values are the percentage of 1000 repetitions that generate coefficients greater than the OLS coefficients in the table (less than the…”
Do Firms Manage Earnings to Meet Dividend Thresholds (2008, unknown): “This is consistent with other evidence of decreases in earnings management following passage of the Sarbanes-Oxley Act in Koh et al. (2006) and Cohen et al. (2005).”
Corporate Governance and Firm-Specific Stock Price Crashes (2016, unknown): “Unlike Kim et al. (2011) our sample period captures the period post the Sarbanes-Oxley (SOX) Act of 2002 which Cohen et al. (2005) finds is a period that managers 6 It is reasonable to observe that GPOL is not statistically significant in the firm fixed effects estimation due to the stickiness of…”
Audit Committee Financial Expertise, Competing Corporate Governance Mechanisms, and Earnings Management (2006, unknown): “Further, Cohen et al. (2005) report a significant drop in earnings management following SOX, although they also find that managers increased “real” earnings management (e.g., a reduction in R&D or advertising expenses) during the same time period.”