Valuation impact of Sarbanes¿Oxley: Evidence from disclosure and governance within the financial services industry

By A. Akhigbe, A. Martín. 2006

163 citations recorded by the source corpus.

How researchers see this paper

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Does corporate governance affect Australian banks' performance? (2016, background): “Akhigbe and Martin (2006) state that there is a positive effect on bank valuation where audit committee members have financial expertise, and there”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “Akhigbe and Martin (2006), Jain and Rezaee (2006) and Li et al., (2008) find positive abnormal returns to events that increased the likelihood of the passage of SOX.”
Corporate Governance and Risk Management: The Role of Risk Management and Compensation Committees (2013, unknown): “it is the competence (not merely the existence) of the committees which is critical to the success of the firm (Akhigbe and Martin, 2006).”
Endogenously Structured Boards of Directors in Banks (2010, background): “Similarly, for financial service firms (banks, thrifts institutions, insurance and securities), Akhigbe and Martin (2006) find a favorable ‘valuation effect’ of SOX for those with more independent boards and audit 23 committees, financial experts on the audit committees, increased insiders’…”
Corporate governance and performance of financial institutions (2015, background): “Further, Akhigbe and Martin (2006, 2008) find that improvements in certain governance characteristics as a result of SOX in 2002 are associated with greater valuation of financial companies and reduced risk measures.”