... access to alternative public funding, increasing competition and creating adverse selection problems for banks. Using the adoption of Sarbanes-Oxley Act Section 404 to identify improvements in borrowers' FR, I find an overall positive effect of FR on banks' lending: the quality of loans extended...

... enforcement standards for financial reporting in some countries during our sample period. cross listing foreign auditors PCAOB joint inspections Sarbanes-Oxley Act Our study also adds to the insights from U.S.-based studies about the content of the reports (i.e., “deficient” versus clean reports...

... firm, or (2) when larger target firms restate or the restatement is prominently disclosed, or (3) when the target firm's restatement is less severe. Contagion stops during the years 2003–2005, possibly due to the enforcement associated with the Sarbanes-Oxley Act (SOX), but reappears during 2006–2008...

.... Editor's note: Accepted by Vernon J. Richardson. March 2013 October 2014 2015 Sarbanes-Oxley Act internal controls enforcement restatements In this paper, we examine several potential consequences of failing to report existing control...