... of the Sarbanes–Oxley Act (SOX) in 2002, we have encountered two research questions. The first is whether SOX has really succeeded in improving audit quality in the long run, and the second is whether the punishment for Arthur Andersen was too harsh. SOX Arthur Andersen Audit conservatism Big 6 G14...

... to unavailable date within the estimation period, the sample is further reduced to 342 grants of nonfinancial firms and 583 grants of financial firms. Executive compensation Backdate Financial institution Nonfinancial firms G14 G20 G30 M12 M40 Stock options are granted to executives...

... a commonplace. Originality/value This paper applies mean reverting stochastic processes to terror incidents and brings out interesting results. Stock returns Mean reverting stochastic processes Terrorist attacks C02 G10 G14 To account for Cases 1 and 2, some tests are developed...

...-use rights only Market efficiency Permanent Terror incidents Terror index G14 G15 Terrorism is a global threat, and has become, over the past decades, a problem that almost every society has to face from time to time. Terrorism is a common weapon used by terrorist groups...

... analysts. Spyridon Repousis can be contacted at: spyrep@otenet.gr © Emerald Group Publishing Limited 2016 Emerald Group Publishing Limited Licensed re-use rights only Banks Event study Greece Stock returns Efficient markets G14 G15 G21 Unexpected events can put more...

... Corruption Chinese law Economic crime G14 China in today’s world is probably the most dynamic economy in the world and is widely predicted to be the dominant economy within the next decade. As the largest emerging market, China’s every move towards fighting economic crime will have far more...

... returns Terrorism Militarism G14 Several studies have examined the effect of terrorism on stock returns. In this paper, we attempt to add to and expand upon that literature by using a sample of both terrorist and military events, largely compiled from documents issued by the US Department...