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http://hdl.handle.net/2451/14811
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| Title: | Information Disclosure and Regulatory Compliance: Economic Issues and
Research Directions |
| Authors: | Ghose, Anindya |
| Issue Date: | Jul-2006 |
| Publisher: | Stern School of Business, New York University |
| Series/Report no.: | CeDER-06-11 |
| Abstract: | The Sarbanes Oxley Act (SOA) introduced significant changes to financial
practice and corporate governance regulation, including stringent new
rules designed to protect investors by improving the accuracy and
reliability of corporate disclosures. Briefly speaking, it requires
management to submit a report containing an assessment of the
effectiveness of the internal control structure, a description of
material weaknesses in such internal controls and of any material
noncompliance. Such mandatory regulations can have some broader
ramifications on firm profitability, market structure and social
welfare, many of which were unintended when policy makers first
formulated this Act. Moreover, the tight coupling between compliance
activities, information disclosure and IT investments can have
implications for IT governance because of its potential to change
relationships between technology investments and business. This article
aims to provide some intuitive insights into the trade-offs involved for
firms in disclosure of such information, and gives an overview of some
research questions that would be of interest to academics, industry
executives and policy makers alike. |
| URI: | http://hdl.handle.net/2451/14811 |
| Appears in Collections: | IOMS: Information Systems Working Papers
CeDER Working Papers
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