THE IMPACT OF SARBANES-OXLEY ACT ON THE PERFORMANCE OF BRAZILIAN STOCKS / O IMPACTO DA LEI SARBANES-OXLEY NO DESEMPENHO DE AÇÕES DE EMPRESAS BRASILEIRAS
AUTOR(ES)
JOANA DE VICENTE SALGADO
DATA DE PUBLICAÇÃO
2007
RESUMO
Sarbanes-Oxley Act passed on July 30, 2002 was created mainly to strengthen corporate governance and restore financial market confidence in response to corporate scandals involving Enron and World Com. The Act applies to companies listed on American stock exchanges. There has been a lot of discussion about the costs and benefits arising from the coming into force of the Act which caused expressive changes in the organizations. The ultimate aim of the present study is to present the results of the evaluation of Sarbanes-Oxley Act impacts upon Brazilian companies, identifying to which extent the new regulation is creating or destroying value for investors.
ASSUNTO(S)
corporate governance governanca corporativa sarbanes-oxley act lei sarbanes-oxley indice de lucratividade profitability ratio
ACESSO AO ARTIGO
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