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

• Main Author: Li, Wen
• Other Authors: Zhang Huai
• Format: Theses and Dissertations
• Language: English
• Published: 2014
• Subjects: DRNTU::Business::Law
• Online Access: https://hdl.handle.net/10356/61077
• Institution: 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...