... ). I also find evidence of increased monitoring from the design of loan contracts, where I find more ex post bank interventions. Loans extended to the recipients of SOX 404 (i.e., accelerated filers) experience an increase in accounting-based covenants relative to non-SOX 404 borrowers...

... of regulatory regimes that are tiered by equity values. Our post-SOX test period begins in June 2003, just after the first float-based deferral of SOX 404 was announced by the SEC, and runs through 2012, the most recent data at the time of our analysis. We also use a pre-SOX control period, spanning 1996...

... enforcement SOX 404 accounting quality We examine the reporting of accounting restatements by foreign firms listed in the United States. Accounting rules in the U.S. require firms to issue a restatement correcting prior material errors upon discovery ( Financial Accounting...