Disciplinary effect of internal control provisions of SOX on corporate governance structures

• Main Author: GOH, Beng Wee
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: Internal controls; Sarbanes–Oxley Act; Reputational penalties; Corporate governance; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/952; https://ink.library.smu.edu.sg/context/soa_research/article/1951/viewcontent/1_s2.0_S0020706313000496_main.pdf
• Institution: Singapore Management University

This study examines whether the internal control provisions under the Sarbanes–Oxley Act (SOX) have a disciplining effect on the governance structures of firms. We find that audit committee members and outside directors of firms that disclose material weaknesses (MWs) under Section 302 of SOX are mo...