The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry
This article examines the risk effect of the Sarbanes-Oxley Act of 2002 (SOX) for the US financial services (FS) industry. The major provisions of SOX relate to increased transparency of the financial reporting system and improved internal governance of firms. The overall results support that SOX re...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2014
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| Online Access: | http://hdl.handle.net/20.500.11937/76645 |
| _version_ | 1848763738138607616 |
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| author | Haq, M. Pathan, Md Shams Tabrize Hoque, M. |
| author_facet | Haq, M. Pathan, Md Shams Tabrize Hoque, M. |
| author_sort | Haq, M. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article examines the risk effect of the Sarbanes-Oxley Act of 2002 (SOX) for the US financial services (FS) industry. The major provisions of SOX relate to increased transparency of the financial reporting system and improved internal governance of firms. The overall results support that SOX reduced the total risk and idiosyncratic risk of FS firms, particularly of banks, savings and insurance companies. Yet, this article finds an increase in systematic risk of banks, savings and insurance companies. This outcome may be due to increased financial integration, innovation, globalization and deregulation. © 2014 © 2014 Taylor & Francis. |
| first_indexed | 2025-11-14T11:08:14Z |
| format | Journal Article |
| id | curtin-20.500.11937-76645 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:08:14Z |
| publishDate | 2014 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-766452019-10-24T05:43:22Z The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry Haq, M. Pathan, Md Shams Tabrize Hoque, M. This article examines the risk effect of the Sarbanes-Oxley Act of 2002 (SOX) for the US financial services (FS) industry. The major provisions of SOX relate to increased transparency of the financial reporting system and improved internal governance of firms. The overall results support that SOX reduced the total risk and idiosyncratic risk of FS firms, particularly of banks, savings and insurance companies. Yet, this article finds an increase in systematic risk of banks, savings and insurance companies. This outcome may be due to increased financial integration, innovation, globalization and deregulation. © 2014 © 2014 Taylor & Francis. 2014 Journal Article http://hdl.handle.net/20.500.11937/76645 10.1080/09603107.2014.920477 restricted |
| spellingShingle | Haq, M. Pathan, Md Shams Tabrize Hoque, M. The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry |
| title | The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry |
| title_full | The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry |
| title_fullStr | The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry |
| title_full_unstemmed | The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry |
| title_short | The risk implication of Sarbanes-Oxley Act of 2002: An empirical examination of the US financial services industry |
| title_sort | risk implication of sarbanes-oxley act of 2002: an empirical examination of the us financial services industry |
| url | http://hdl.handle.net/20.500.11937/76645 |