TITLE

VALUATION EFFECTS OF THE SARBANES-OXLEY ACT: EVIDENCE FROM SEASONED EQUITY OFFERINGS BY CANADIAN CROSS-LISTED FIRMS

AUTHOR(S)
Rubalcava, Arturo
PUB. DATE
January 2012
SOURCE
International Journal of Business, Accounting, & Finance;Winter2012, Vol. 6 Issue 1, p75
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents a study which examined the effect of the Sarbanes-Oxley Act (SOX) on the seasoned equity offerings' (SEOs) valuation by Canadian cross-listed firms in the U.S. The study made used of 211 new equity offerings and 41 secondary offerings by Canadian issuers issued from May 1995 to July 2008. The result of the study shows that there was a detrimental impact on issuing equity globally for Canadian cross-listing firms after the passage of SOX.
ACCESSION #
76125363

 

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