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The Sarbanes-Oxley Act and the Making of Quack Corporate Governance
  • R. Romano
  • Economics, Business
  • 25 September 2004
This paper provides an evaluation of the substantive corporate governance mandates of the Sarbanes-Oxley Act of 2002 that is informed by the relevant empirical accounting and finance literature andExpand
The Shareholder Suit: Litigation without Foundation?
Shareholder litigation is accorded an important stopgap role in corporate law. Liability rules are thought to be called into play when the primary governance mechanisms-board of directorsExpand
The Promise and Peril of Corporate Governance Indices
Financial economists and commercial providers of governance services have in recent years created measures of the quality of firms' corporate governance which collapse into a single number (aExpand
Public Pension Fund Activism in Corporate Governance Reconsidered
A key organizational feature of large United States corporations is the separation of ownership from control. This separation creates an agency problem, that managers may run the firm in their own,Expand
The Genius of American Corporate Law
The author examines the structure of the corporate charter market, the impact of takeover regulation and federal securities law, and the spreading of criminalization of corporate duties.
Event Studies and the Law - Part I: Technique and Corporate Litigation
Event studies are among the most successful uses of econometrics in policy analysis. By providing an anchor for measuring the impact of events on investor wealth, the methodology offers a fruitfulExpand
Less is More: Making Institutional Investor Activism a Valuable Mechanism of Corporate Governance
Institutional investors have increasingly engaged in corporate governance activities, introducing proxy proposals and negotiating with management, with a goal of improving performance. As shareholderExpand
Less is More: Making Shareholder Activism a Valued Mechanism of Corporate Governance
Institutional investors have increasingly engaged in corporate governance activities, introducing proxy proposals and negotiating with management, with a goal of improving corporate performance. AsExpand
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