Midlands State University Library

The effect of section 404 of the Sarbanes-Oxley Act on earnings quality (Record no. 163483)

MARC details
000 -LEADER
fixed length control field 02185nam a22002537a 4500
003 - CONTROL NUMBER IDENTIFIER
control field ZW-GwMSU
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20231121085051.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 231121b |||||||| |||| 00| 0 eng d
040 ## - CATALOGING SOURCE
Original cataloging agency MSU
Transcribing agency MSU
Description conventions rda
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Singer, Zvi
Relator term author
245 ## - TITLE STATEMENT
Title The effect of section 404 of the Sarbanes-Oxley Act on earnings quality
Statement of responsibility, etc. by Zvi Singer and Haifeng You
264 ## - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Thousand Oaks, CA:
Name of producer, publisher, distributor, manufacturer Sage Publications;
Date of production, publication, distribution, manufacture, or copyright notice 2011.
336 ## - CONTENT TYPE
Source rdacontent
Content type term text
Content type code txt
337 ## - MEDIA TYPE
Source rdamedia
Media type term unmediated
Media type code n
338 ## - CARRIER TYPE
Source rdacarrier
Carrier type term volume
Carrier type code nc
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Title Journal of Accounting, Auditing and Finance
Volume/sequential designation Volume 26, number 3,
520 ## - SUMMARY, ETC.
Summary, etc. In this article, the authors study the effect of Section 404 of the Sarbanes-Oxley Act on two primary characteristics of earnings quality, reliability and relevance in combination. Using a difference-in-differences method, they find that firms that were required to comply with Section 404 during the first 2 years of its implementation improved the reliability of their reported earnings more than control firms that were not required to comply. The results also suggest that the regulation helped to reduce intentional misstatement, which may contribute to the improvement in earnings reliability. Furthermore, the improvement in reliability did not come at the expense of the relevance of earnings. On the contrary, the authors find a significantly larger improvement in the predictive power of current earnings over future earnings and future cash flows associated with complying firms. As earnings quality improved, investor confidence appears to be restored, in that they reacted more strongly to earnings surprises of complying firms than to those of the control firms in the post-404 period. The results of this study suggest that Section 404 helped to achieve the main goal of the Act: protecting investors and restoring their confidence in the stock market by improving the accuracy and reliability of corporate disclosure.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Earnings quality
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Internal control
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Intentional misstatements
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name You, Haifeng
Relator term co-author
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier https://doi.org/10.1177/0148558X11401554
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Library of Congress Classification
Koha item type Journal Article
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Serial Enumeration / chronology Total Checkouts Full call number Date last seen Copy number Price effective from Koha item type Public note
    Library of Congress Classification     Main Library Main Library - Special Collections 03/11/2011 Vol. 26, no. 3 (pages 556 - 589)   HF5601 JOU 21/11/2023 SP9777 21/11/2023 Journal Article For in-house use only