LEADER 05122nam 2200745 a 450 001 9910822890403321 005 20200520144314.0 010 $a1-118-64549-9 010 $a1-283-96059-1 010 $a1-118-49631-0 010 $a1-118-49636-1 035 $a(CKB)2670000000326913 035 $a(EBL)1110890 035 $a(SSID)ssj0000820701 035 $a(PQKBManifestationID)11496967 035 $a(PQKBTitleCode)TC0000820701 035 $a(PQKBWorkID)10864263 035 $a(PQKB)10745414 035 $a(DLC) 2012036899 035 $a(Au-PeEL)EBL1110890 035 $a(CaPaEBR)ebr10645996 035 $a(CaONFJC)MIL427309 035 $a(CaSebORM)9781118496367 035 $a(MiAaPQ)EBC1110890 035 $a(OCoLC)809789748 035 $a(OCoLC)858283967 035 $a(OCoLC)ocn858283967 035 $a(EXLCZ)992670000000326913 100 $a20120910d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCorporate governance regulation $ehow poor management is destroying the global economy /$fNicholas V. Vakkur, Zulma J. Herrera 205 $a1st edition 210 $aHoboken, N.J. $cJohn Wiley & Sons$dc2013 215 $a1 online resource (290 p.) 225 1 $aWiley finance series 225 0$aWiley finance series 300 $aDescription based upon print version of record. 311 $a1-118-49637-X 320 $aIncludes bibliographical references and index. 327 $aCover; 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 327 $aWorldCom 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 327 $aHypothesis 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 327 $aEffect 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 Demonstration 327 $aWhy Sarbanes-Oxley?Notes; About the Authors; Index 330 $aWhy U.S. corporate governance regulation has lost its way, and what must be done to improve it Modern history persuasively demonstrates the inexorable link that binds comprehensive regulation to the global economy. This important book, rather than simply recount a litany of corporate governance failures, persuasively explains why, despite policymakers' best intentions, regulation has failed in the modern era. An objective study intended for a diverse readership, Corporate Governance Regulation unveils the underlying, root causes of regulatory failure. The result: A compe 410 0$aWiley Finance 517 3 $aHow poor management is destroying the global economy 606 $aCorporate governance 606 $aCorporate governance$xLaw and legislation 615 0$aCorporate governance. 615 0$aCorporate governance$xLaw and legislation. 676 $a338.6 700 $aVakkur$b Nicholas V$01627092 701 $aHerrera$b Zulma J$01627093 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910822890403321 996 $aCorporate governance regulation$93963502 997 $aUNINA