05122nam 2200745 a 450 991082289040332120200520144314.01-118-64549-91-283-96059-11-118-49631-01-118-49636-1(CKB)2670000000326913(EBL)1110890(SSID)ssj0000820701(PQKBManifestationID)11496967(PQKBTitleCode)TC0000820701(PQKBWorkID)10864263(PQKB)10745414(DLC) 2012036899(Au-PeEL)EBL1110890(CaPaEBR)ebr10645996(CaONFJC)MIL427309(CaSebORM)9781118496367(MiAaPQ)EBC1110890(OCoLC)809789748(OCoLC)858283967(OCoLC)ocn858283967(EXLCZ)99267000000032691320120910d2013 uy 0engur|n|---|||||txtccrCorporate governance regulation how poor management is destroying the global economy /Nicholas V. Vakkur, Zulma J. Herrera1st editionHoboken, N.J. John Wiley & Sonsc20131 online resource (290 p.)Wiley finance seriesWiley finance seriesDescription based upon print version of record.1-118-49637-X Includes bibliographical references and index.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 ContributionWorldCom 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; HypothesesHypothesis 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 FrameworkEffect on Unintentional Sources of ErrorEffect on Corporate Malfeasance; Conclusions; Chapter 7 The Underlying Vision; Econometrics in Policy Analysis; A Model Predicated on ``Unobservables''; 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 DemonstrationWhy Sarbanes-Oxley?Notes; About the Authors; IndexWhy U.S. corporate governance regulation has lost its way, and what must be done to improve it 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. The result: A compeWiley FinanceHow poor management is destroying the global economyCorporate governanceCorporate governanceLaw and legislationCorporate governance.Corporate governanceLaw and legislation.338.6Vakkur Nicholas V1627092Herrera Zulma J1627093MiAaPQMiAaPQMiAaPQBOOK9910822890403321Corporate governance regulation3963502UNINA