Vakkur, Nicholas V. creator Herrera, Zulma J. text bibliography Electronic books. Electronic books. nju Hoboken, N.J John Wiley & Sons ©2013 2013 monographic eng

electronic resource

1 online resource. "Modern history persuasively demonstrates the inexorable link that binds comprehensive regulation to the global economy. This important book, rather than simply recount a litany of corporate governance failures, persuasively explains why, despite policymakers' best intentions, regulation has failed in the modern era. An objective study intended for a diverse readership, Corporate Governance Regulation unveils the underlying, root causes of regulatory failure."--Publisher's website. Cover; Title Page; Copyright; Contents; Preface; Introduction; Chapter 1 Virtue Lost; Introduction; Methodology; Methodological Limitations; The Modern Corporation and Virtue; The Problem; Business Ethics; Is the Corporation Disordered?; The Policy Framework; The Regulatory Telos; Why Consider Virtue?; Why Principles (over Rules)?; Why Amend (versus Punish)?; Policy Framework (Summary); Conclusions; Chapter 2 An Introduction to WorldCom: A Policy Primer; Introduction; WorldCom; The Source of Conflict; Rules versus Laws; The Case for Intentionality; Regulatory Contribution. WorldCom as a Basis for the Sarbanes-Oxley ActChapter 3 The Enactment Process; Introduction; The Enactment Process; Create a Crisis; Build a Consensus; Presume Success; Dismiss the Critics; The Law's Effects; Current Arguments in Favor of the Sarbanes-Oxley Act; Institutional Precedents; Chapter 4 CEO Perception; Summary; Introduction; Summary of Relevant Literature; Survey; Results; Discussion; Appendix to Chapter 4; Survey Instrument; Chapter 5 Sarbanes-Oxley's Effect on Investor Risk; Summary; Introduction; Extending CAPM; Hypotheses. Hypothesis 1: Sarbanes-Oxley Will Reduce Firms 'Risk-Adjusted ReturnsHypothesis 2: Sarbanes-Oxley Will Decrease Firms' Upside Risk; Hypothesis 3: Sarbanes-Oxley Will Decrease a Firm's Downside Risk; Evaluation of Risk; Risk Measures; Data and Empirical Model; Estimation and Results; Difference-in-Differences Analysis; Fixed Effects Estimation; Robustness Tests; Discussion; Global Regulatory Development (i.e., Ripple Effects); Chapter 6 An Audit of Sarbanes-Oxley; Introduction; A Conceptual Foundation; Internal Controls; The Audit Framework; Objectives versus Efficacy; Evaluative Framework. Effect on Unintentional Sources of ErrorEffect on Corporate Malfeasance; Conclusions; Chapter 7 The Underlying Vision; Econometrics in Policy Analysis; A Model Predicated on Ù̀nobservables''; Knowledge Limits; Social Causation Processes; Intentions (versus Outcomes); Conclusions; Chapter 8 The Argument for Accountability; Introduction; Professional Liability; Policy Misuse; The Case for Culpability; The Improbability of Accountability; Conclusions; Chapter 9 Why Sarbanes-Oxley?; Introduction; Methodology; The Port Huron Statement; Individualism; Egalitarianism; A Modern Demonstration. Why Sarbanes-Oxley?Notes; About the Authors; Index. Nicholas V. Vakkur, Zulma J. Herrera. Includes bibliographical references and index. Corporate governance Corporate governance Law and legislation Business Corporate governance Corporate governance Law and legislation Management BUSINESS & ECONOMICS Industries General Corporate governance Corporate governance Law and legislation HD2741 338.6 Vakkur, Nicholas V. Hoboken, N.J. : John Wiley & Sons, ©2013 (DLC) 2012036595 9781118645499 1118645499 9781118496312 1118496310 9781118496367 1118496361 2012036899 CL0500000291 Safari Books Online F07D4423-183D-4E29-BE13-3F5A6A318594 OverDrive, Inc. http://onlinelibrary.wiley.com/book/10.1002/9781118645499 http://onlinelibrary.wiley.com/book/10.1002/9781118645499 DLC 120910 20171113141743.0 ocn809789748 eng