{"product_id":"did-the-sarbanes-oxley-act-improve-corporate-governance-von-scott-miller","title":"Did the Sarbanes-Oxley Act Improve Corporate Governance?","description":"\u003cp\u003eAlthough significant attention has been given to the  costs associated with SOX there is no notable  research examining the benefits derived  therefrom. The purpose of this research is to draw upon the long established stream of agency theory literature to fill the void in the current literature and complement its focus on costs with a serious investigation into whether benefits are being realized from this legislation.   Investigating domestic, manufacturing firms listed  on the New York Stock Exchange, this research  concludes that many governance controls long held to  temper agency conflict did not do so in a pre-SOX  environment. However, it illustrates that SOX caused  these governance mechanisms to effectively moderate  agency conflict in a post-SOX environment for this  sample. Additionally, it concludes that in a model  that includes audit fees, SOX improved the  effectiveness of these governance mechanisms in the  reduction of agency costs more predominantly with  more robust results.   Therefore, this research is the first to provide  evidence that there are measurable benefits that  flow from the passage of SOX.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838320649\"\u003e\u003ch3\u003eThe Impact of SOX on Agency Costs in Publicly Traded Firms\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838320649","offer_id":39498919313501,"sku":"9783838320649","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/916d71f8-6ac0-4fb4-80c3-a7ee940783f4.jpg?v=1758256551","url":"https:\/\/shop.autorenwelt.de\/products\/did-the-sarbanes-oxley-act-improve-corporate-governance-von-scott-miller","provider":"Autorenwelt Shop","version":"1.0","type":"link"}