| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢; 黃嘉威 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Huang, Chia-Wei | en_US |
| dc.date (日期) | 2013-01 | - |
| dc.date.accessioned | 11-Jun-2018 17:38:29 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 17:38:29 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 17:38:29 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117558 | - |
| dc.description.abstract (摘要) | We examine how the Sarbanes-Oxley Act (SOX) affects pre-repurchase earnings management and its association with post-repurchase firm performance. Unlike prior pre-SOX studies, our post-SOX results indicate that open-market repurchasers do not engage in pre-buyback downward accrual-based earnings management. Audit committee independence, reforms in corporate governance structures, and changes in executives’ equity holdings prompted by SOX may explain the findings. Post-SOX, the significant negative association between pre-repurchase abnormal accruals and post-repurchase performance disappears, the market reaction to repurchase announcements becomes significantly less favorable, and there is no evidence of any shift away from accrual-based to real earnings management. | en_US |
| dc.format.extent | 265700 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Financial and Quantitative Analysis, Vol.48, No.6, pp.1847-1876 | zh_TW |
| dc.title (題名) | The Sarbanes-Oxley Act, Earnings Management, and Post-Buyback Performance of Open-Market Repurchasing Firms | en_US |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1017/S0022109014000040 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1017/S0022109014000040 | - |
