Was the Sarbanes-Oxley Act good news for corporate bondholders?

Does Board Independence Reduce the Cost of Debt?

Using the passage of the Sarbanes-Oxley Act and the associated change in listing standards as a natural experiment, we find that while board independence decreases the cost of debt when credit conditions are strong or leverage low, it increases the cost of debt when credit conditions are poor or leverage high. We also document that independent directors set corporate policies that increase firm...

Part 1980—procedures for the Handling of Discrimination Complaints under Section 806 of the Corporate and Criminal Fraud Account- Ability Act of 2002, Title Viii of the Sarbanes-oxley Act

(a) This part implements procedures under section 806 of the Corporate and Criminal Fraud Accountability Act of 2002, Title VIII of the Sarbanes-Oxley Act of 2002 (‘‘Sarbanes-Oxley’’ or ‘‘Act’’), enacted into law July 30, 2002. Sarbanes-Oxley provides for employee protection from discrimination by companies and representatives of companies because the employee has engaged in protected activity ...

Capital Structure , Corporate Governance , and the Effect of Sarbanes - Oxley

The Sarbanes-Oxley Act represented a major legislative action designed to increase transparency and accountability in U.S. corporations. Within the context of agency theory and corporate governance, the expectation is that the enactment of Sarbanes-Oxley impacted the agency relationship of firms and hence affected the corporate governance structure. With these changes, the question arises as to...

The Effects of Audit Committee Activities and Deterring Fraud: an Empirical Investigation of the Predicted Effectiveness of the Sarbanes-oxley Act

The financial frauds of recent past have created a lot of attention to financial audits and corporate governance. That attention includes the Sarbanes-Oxley Act of 2002. This Act has led to numerous changes in corporate governance. But will the changes affect financial fraud? This research attempts to gather empirical evidence about audit committees, S-OX, and whether the guidelines of S-OX hav...

The Sarbanes-Oxley Act and the Making of Quack Corporate Governance