Auditing: A Journal of Practice & Theory 32(2): 1-31. Evidence from stakeholder reaction to GAAP-deficient PCAOB inspection reports of small auditors.

backdating bernile-46

Journal of Accounting and Economics (November-December): 267-290.

Economic effects of SOX Section 404 compliance: A corporate insider perspective.

A post-SOX examination of factors associated with the size of internal audit functions.

The revelation that scores of firms engaged in the illegal manipulation of stock options' grant dates (i.e. The evidence indicates that the consequences stemming from management misconduct and misrepresentation are of first-order importance in this context as shareholders of firms accused of backdating experience large negative, statistically significant abnormal returns. Good Timing: CEO Stock Option Awards and Company News Announcements By David Yermack 8.

Furthermore, shareholders' losses are directly related to firms' likely culpability and the magnitude of the resulting restatements, despite the limited cash flow implications. or This link gives the references in this paper that have been resolved by our automated systems, with hot links to online versions of each paper where we have been able to locate them.',340,200,2);" onmouseout="tool Tip2();"This link gives the references of papers that cite this paper that have been resolved by SSRNs automated systems, with hot links to online versions of each paper where we have been able to locate them.',340,200,2);" onmouseout="tool Tip2();" 1. The Use of Equity Grants to Manage Optimal Equity Incentive Levels By John Core and Wayne Guay 9.

And, tellingly, the losses are attenuated when tainted management of less successful firms is more likely to be replaced, whereas relatively many firms become takeover targets. The Other Side of the Tradeoff: the Impact of Risk on Executive Compensation By Rajesh Aggarwal and Andrew Samwick 10.We believe this evidence is relevant to the ongoing debate about the economic relevance of seemingly inconsequential corporate misdeeds, in general, and option grants manipulation, in particular. Bernile, Gennaro and Jarrell, Gregg A., The Impact of the Options Backdating Scandal on Shareholders (June 1, 2008). Good Timing: CEO Stock Option Awards and Company News Announcements By David Yermack 7. The Other Side of the Tradeoff: The Impact of Risk on Executive Compensation By Rajesh Aggarwal and Andrew Samwick 6. Do Corporations Award CEO Stock Options Effectively By David Yermack 5.