Document Type
Article
Publication Date
2013
Publication Title
Journal of Applied Business and Economics
First Page
86
Last Page
98
Abstract
In this study we examine the complementary monitoring activity that takes place via the Sarbanes-Oxley Act (SOX) and its effect on security analyst monitoring activity and firm value of large and small public firms. Our findings indicate that security analyst monitoring activity has decreased post-SOX while firm value has increased post-SOX for both large and small firms. We also find that the increase in firm value is more pronounced for the group of small firms. Given these results, we surmise that the complementary monitoring activity provided by SOX is effective enough to have a positive impact on firm value.
Rights
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Recommended Citation
Stephen, S. A. and V. Apilado. (2013). “The Sarbanes-Oxley Act, Security Analyst Monitoring Activity, and Firm Value”, Journal of Applied Business and Economics, 14(1), 86-98.
Notes
This article was originally published in Journal of Applied Business and Economics, 2013, Volume 14, Issue 1. Archived with permission.