How do mandatory clawback provisions affect firm value? Evidence from the SEC’s enforcement actions

• 主要作者: Li, Wen
• 其他作者: Zhang Huai
• 格式: Theses and Dissertations
• 語言: English
• 出版: 2014
• 主題: DRNTU::Business::Law
• 在線閱讀: https://hdl.handle.net/10356/61077
• 機構: Nanyang Technological University

I examine how the SEC’s enforcement actions on mandatory clawback provisions affect shareholder wealth. I hypothesize that enforcing clawback provisions is likely to be value-increasing for firms with a higher likelihood of restating earnings, value-decreasing for firms with a higher likelihood of e...