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

• المؤلف الرئيسي: Li, Wen
• مؤلفون آخرون: Zhang Huai
• التنسيق: Theses and Dissertations
• اللغة: English
• منشور في: 2014
• الموضوعات: DRNTU::Business::Law
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/61077
• المؤسسة: 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...