SHORT-TERM AND LONG-TERM IMPACT OF SARBANES-OXLEY ACT ON DIRECTOR COMMITMENT AND COMPOSITION OF CORPORATE BOARD COMMITTEES
This study analyzes the short-term and long-term effects on director commitment and composition of board committees following the passage of the Sarbanes Oxley Act of 2002. The first issue we address in the paper is "director commitment", i.e., whether corporate directors were more or less...
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| Veröffentlicht in: | Journal of financial management and analysis 2017-01, Vol.30 (1), p.1-11 |
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| creator | Banerjee, Gaurango Kaya, Halil D |
| description | This study analyzes the short-term and long-term effects on director commitment and composition of board committees following the passage of the Sarbanes Oxley Act of 2002. The first issue we address in the paper is "director commitment", i.e., whether corporate directors were more or less committed in terms of time and effort to their "directorship" assignment after the passage of the Sarbanes-Oxley Act. The second issue that will be examined in this study is the composition of board committees (namely, Audit, Compensation, Executive, Governance, and Nominating Committees) before and after Sarbanes-Oxley. The research intends to answer some of the following questions: Has Sarbanes-Oxley changed the boards' structure? Have firms focused more on certain functions of the Board relative to the others after the Act was passed? Using over 124,000 observations in our sample period (covering both pre and post Sarbanes Oxley Act of 2002) from Board Analyst Database, we analyze the trend in each of these variables over time. We run statistical tests to compare the trends in each variable before the Act was passed to the period after it was passed. |
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Kaya, Halil D</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-g1972-a7bc66d394e3a8dacee88b1d6bf15fe7f0f0454f5fd150df05b3a461d72aa9cd3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2017</creationdate><topic>Accounting</topic><topic>Audits</topic><topic>Boards of directors</topic><topic>Chief executive officers</topic><topic>Committees</topic><topic>Compensation</topic><topic>Corporate governance</topic><topic>Corporate officers</topic><topic>Corporate profits</topic><topic>Corporation law</topic><topic>Earnings management</topic><topic>Financial management</topic><topic>Financial services</topic><topic>Hypotheses</topic><topic>Interpretation and construction</topic><topic>Laws, regulations and rules</topic><topic>Meetings</topic><topic>Nominations</topic><topic>Outside directors</topic><topic>Public Company Accounting Reform & Investor Protection Act 2002-US</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Banerjee, Gaurango</creatorcontrib><creatorcontrib>Kaya, Halil D</creatorcontrib><collection>Gale Business: Insights</collection><collection>Business Insights: Essentials</collection><collection>India Database</collection><collection>India Database: Business</collection><collection>Global News & ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>BPIR.com Limited</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Banking Information Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Accounting, Tax & Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>Banking Information Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>Journal of financial management and analysis</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Banerjee, Gaurango</au><au>Kaya, Halil D</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>SHORT-TERM AND LONG-TERM IMPACT OF SARBANES-OXLEY ACT ON DIRECTOR COMMITMENT AND COMPOSITION OF CORPORATE BOARD COMMITTEES</atitle><jtitle>Journal of financial management and analysis</jtitle><date>2017-01-01</date><risdate>2017</risdate><volume>30</volume><issue>1</issue><spage>1</spage><epage>11</epage><pages>1-11</pages><issn>0970-4205</issn><abstract>This study analyzes the short-term and long-term effects on director commitment and composition of board committees following the passage of the Sarbanes Oxley Act of 2002. The first issue we address in the paper is "director commitment", i.e., whether corporate directors were more or less committed in terms of time and effort to their "directorship" assignment after the passage of the Sarbanes-Oxley Act. The second issue that will be examined in this study is the composition of board committees (namely, Audit, Compensation, Executive, Governance, and Nominating Committees) before and after Sarbanes-Oxley. The research intends to answer some of the following questions: Has Sarbanes-Oxley changed the boards' structure? Have firms focused more on certain functions of the Board relative to the others after the Act was passed? Using over 124,000 observations in our sample period (covering both pre and post Sarbanes Oxley Act of 2002) from Board Analyst Database, we analyze the trend in each of these variables over time. We run statistical tests to compare the trends in each variable before the Act was passed to the period after it was passed.</abstract><cop>Mumbai</cop><pub>Om Sai Ram Centre for Financial Management Research</pub><tpages>11</tpages></addata></record> |
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| source | EBSCOhost Business Source Complete |
| subjects | Accounting Audits Boards of directors Chief executive officers Committees Compensation Corporate governance Corporate officers Corporate profits Corporation law Earnings management Financial management Financial services Hypotheses Interpretation and construction Laws, regulations and rules Meetings Nominations Outside directors Public Company Accounting Reform & Investor Protection Act 2002-US Studies |
| title | SHORT-TERM AND LONG-TERM IMPACT OF SARBANES-OXLEY ACT ON DIRECTOR COMMITMENT AND COMPOSITION OF CORPORATE BOARD COMMITTEES |
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