Coup or Crime? The Case of Carlos Ghosn
Teaching Note for HBS No. 119-096.
Citation:
Dey, Aiyesha, and Jonas Heese. "Coup or Crime? The Case of Carlos Ghosn." Harvard Business School Teaching Note 119-097, April 2019. View Details|
Other Article Journal of Accounting & Economics February 2010 The Chilling Effect of Sarbanes Oxley: A Discussion of Sarbanes-Oxley and Corporate Risk-Taking |
Abstract
Bargeron, Lehn, and Zutter [2009. Sarbanes–Oxley and corporate risk-taking. Journal of Accounting and Economics, forthcoming] document that as compared with non-US firms, risk-taking by publicly traded companies in the US declined after the passage of the Sarbanes–Oxley Act in 2002 (SOX). They conclude that this decline is related to board structure, firm size, and research and development expenditures. In my view, Bargeron, Lehn, and Zutter tackle an important question and provide carefully conducted analyses. However, as my discussion highlights, the question is difficult to answer, and as in similar studies on SOX, the evidence needs to be interpreted with caution.
Keywords: risk; corporate risk-taking; risky investments; Risk and Uncertainty;
Citation:
Dey, Aiyesha. "The Chilling Effect of Sarbanes Oxley: A Discussion of Sarbanes-Oxley and Corporate Risk-Taking." Journal of Accounting & Economics 49, nos. 1-2 (February 2010): 53–57.
