{"id":"https://openalex.org/W2137316640","doi":"https://doi.org/10.1111/j.1468-036x.2008.00442.x","title":"The Long\u2010Term Effect of the Sarbanes\u2010Oxley Act on Cross\u2010Listing Premia","display_name":"The Long\u2010Term Effect of the Sarbanes\u2010Oxley Act on Cross\u2010Listing Premia","publication_year":2008,"publication_date":"2008-10-13","ids":{"openalex":"https://openalex.org/W2137316640","doi":"https://doi.org/10.1111/j.1468-036x.2008.00442.x","mag":"2137316640"},"language":"en","primary_location":{"id":"doi:10.1111/j.1468-036x.2008.00442.x","doi":"https://doi.org/10.1111/j.1468-036x.2008.00442.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.2008.00442.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5018695678","display_name":"Kate Litvak","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I86519309","display_name":"The University of Texas at Austin","ror":"https://ror.org/00hj54h04","country_code":"US","type":"education","lineage":["https://openalex.org/I86519309"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kate Litvak","raw_affiliation_strings":["University of Texas Law SchoolE-mail: [email protected]","University of Texas Law School\u2028"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Texas Law SchoolE-mail: [email protected]","institution_ids":[]},{"raw_affiliation_string":"University of Texas Law School\u2028","institution_ids":["https://openalex.org/I86519309"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5018695678"],"corresponding_institution_ids":["https://openalex.org/I86519309"],"apc_list":{"value":3350,"currency":"USD","value_usd":3350},"apc_paid":null,"fwci":7.6125,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.97229006,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"14","issue":"5","first_page":"875","last_page":"920"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8080999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8080999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.08169999718666077,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.06260000169277191,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sarbanes-oxley-act","display_name":"Sarbanes-Oxley Act","score":1.0},{"id":"https://openalex.org/keywords/tobin-s-q","display_name":"Tobin's Q","score":0.8050000071525574},{"id":"https://openalex.org/keywords/foreign-companies","display_name":"foreign companies","score":0.5699999928474426},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.6520000100135803},{"id":"https://openalex.org/keywords/business-risk","display_name":"business risk","score":0.45899999141693115},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.6579999923706055},{"id":"https://openalex.org/keywords/business-growth","display_name":"business growth","score":0.6430000066757202},{"id":"https://openalex.org/keywords/information-disclosure-quality","display_name":"disclosure quality","score":0.34700000286102295},{"id":"https://openalex.org/keywords/long-term-effects","display_name":"long-term effects","score":0.3440000116825104}],"concepts":[{"id":"https://openalex.org/C2776904427","wikidata":"https://www.wikidata.org/wiki/Q243726","display_name":"Cross listing","level":3,"score":0.7748664617538452},{"id":"https://openalex.org/C2779820595","wikidata":"https://www.wikidata.org/wiki/Q798505","display_name":"Listing (finance)","level":2,"score":0.6713950037956238},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.529739260673523},{"id":"https://openalex.org/C2779815580","wikidata":"https://www.wikidata.org/wiki/Q856418","display_name":"Sarbanes\u2013Oxley Act","level":3,"score":0.5196927189826965},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4170377850532532},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.37278032302856445},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.34882253408432007},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2739830017089844},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.1286628544330597},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.08820998668670654}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1468-036x.2008.00442.x","doi":"https://doi.org/10.1111/j.1468-036x.2008.00442.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1468-036x.2008.00442.x","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W38840276","https://openalex.org/W1934774039","https://openalex.org/W1969519191","https://openalex.org/W2052700142","https://openalex.org/W2056109906","https://openalex.org/W2089753078","https://openalex.org/W2095990883","https://openalex.org/W2096684396","https://openalex.org/W2096718584","https://openalex.org/W2099969251","https://openalex.org/W2103574920","https://openalex.org/W2106915298","https://openalex.org/W2182343745","https://openalex.org/W2272640037","https://openalex.org/W2891145393","https://openalex.org/W3121494557","https://openalex.org/W3121504762","https://openalex.org/W3121759882","https://openalex.org/W3121830825","https://openalex.org/W3122512426","https://openalex.org/W3123342236","https://openalex.org/W3123556084","https://openalex.org/W3124407545","https://openalex.org/W3124598916","https://openalex.org/W3125373908","https://openalex.org/W3125935778","https://openalex.org/W4248935513","https://openalex.org/W7213228682","https://openalex.org/W7213319368"],"related_works":["https://openalex.org/W4237418476","https://openalex.org/W7223154526","https://openalex.org/W4248935513","https://openalex.org/W2056109906","https://openalex.org/W3124407545","https://openalex.org/W2145731904","https://openalex.org/W1530235286","https://openalex.org/W1667740414","https://openalex.org/W7099949068","https://openalex.org/W7100370826"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"paper":[2],"uses":[3],"a":[4,39,43,243],"triple":[5],"difference":[6,33],"approach":[7],"to":[8,53,71,103,122,171,241],"assess":[9],"whether":[10],"the":[11,14,32,35,47,75,172,178,186,207,234],"adoption":[12,79],"of":[13,23,38,77,174,180,188,194],"Sarbanes\u2010Oxley":[15],"Act":[16],"predicts":[17,149],"long\u2010term":[18],"changes":[19],"in":[20,74,108,152,154,159,165],"cross\u2010listing":[21,29],"premia":[22,30,61,109,153],"affected":[24,212],"foreign":[25],"firms.":[26],"I":[27,57],"measure":[28],"as":[31],"between":[34],"Tobin's":[36,191],"q":[37],"cross\u2010listed":[40,64,213],"company":[41,45],"and":[42,81,136,140,197,215,220],"non\u2010cross\u2010listed":[44],"from":[46,138,222,230],"same":[48,235],"country":[49],"matched":[50,195],"on":[51,65,95,113,132],"propensity":[52],"cross\u2010list":[54],"(first":[55],"difference).":[56,92,125],"find":[58],"that":[59,209],"average":[60],"for":[62],"firms":[63,111,135,137,158,219,221,229,239],"levels":[66,96,114],"2":[67,97],"or":[68,98,116,183],"3":[69],"(subject":[70],"SOX)":[72],"declined":[73],"year":[76],"SOX":[78,123,210],"(2002)":[80],"remained":[82],"significantly":[83],"below":[84],"their":[85],"pre\u2010SOX":[86],"level":[87],"through":[88],"year\u2010end":[89],"2005":[90],"(second":[91],"Firms":[93],"listed":[94,112],"3,":[99],"which":[100,118],"are":[101,119,169],"subject":[102,121],"SOX,":[104],"experienced":[105,162],"larger":[106,144],"declines":[107,151,164],"than":[110],"1":[115],"4,":[117],"not":[120],"(third":[124],"The":[126,167,201],"estimated":[127,246],"decline":[128],"is":[129,204],"0.15\u20130.20":[130],"depending":[131],"specification.":[133],"Riskier":[134],"high\u2010disclosing":[139],"high\u2010GDP":[141],"countries":[142,161],"suffered":[143],"post\u2010SOX":[145],"declines.":[146],"Firm":[147],"size":[148],"smaller":[150,163],"well\u2010governed":[155,223],"countries.":[156,232],"Faster\u2010growing":[157],"poorly\u2010governed":[160,231],"premia.":[166],"results":[168],"robust":[170],"use":[173,179,187],"different":[175,198],"before\u2010and\u2010after":[176],"periods;":[177],"annual,":[181],"quarterly,":[182],"monthly":[184],"data;":[185],"individual":[189],"companies'":[190],"q's":[192],"instead":[193],"pairs,":[196],"regression":[199],"specifications.":[200],"overall":[202],"evidence":[203],"consistent":[205],"with":[206],"view":[208],"negatively":[211],"premia,":[214],"particularly":[216],"hurt":[217],"riskier":[218],"countries,":[224],"while":[225],"perhaps":[226],"helping":[227],"high\u2010growth":[228],"At":[233],"time,":[236],"after\u2010SOX,":[237],"level\u201023":[238],"continue":[240],"enjoy":[242],"substantial":[244],"premium,":[245],"at":[247],"about":[248],"0.32.":[249]},"counts_by_year":[{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
