1 resultado para The Tax Reform Act Of 1986: Impact On Hospitality
em Digital Peer Publishing
Filtro por publicador
- JISC Information Environment Repository (1)
- Aberdeen University (2)
- Aberystwyth University Repository - Reino Unido (1)
- Academic Archive On-line (Jönköping University; Sweden) (1)
- Academic Archive On-line (Karlstad University; Sweden) (1)
- Academic Research Repository at Institute of Developing Economies (4)
- Adam Mickiewicz University Repository (1)
- AMS Tesi di Dottorato - Alm@DL - Università di Bologna (1)
- AMS Tesi di Laurea - Alm@DL - Università di Bologna (1)
- Aquatic Commons (32)
- Archimer: Archive de l'Institut francais de recherche pour l'exploitation de la mer (2)
- Archive of European Integration (12)
- Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco (6)
- Aston University Research Archive (10)
- Biblioteca Digital da Produção Intelectual da Universidade de São Paulo (7)
- Biblioteca Digital da Produção Intelectual da Universidade de São Paulo (BDPI/USP) (1)
- Biblioteca Digital de la Universidad Católica Argentina (1)
- Biodiversity Heritage Library, United States (1)
- BORIS: Bern Open Repository and Information System - Berna - Suiça (17)
- Brock University, Canada (5)
- Bucknell University Digital Commons - Pensilvania - USA (1)
- Cambridge University Engineering Department Publications Database (46)
- CentAUR: Central Archive University of Reading - UK (32)
- Central European University - Research Support Scheme (1)
- Chinese Academy of Sciences Institutional Repositories Grid Portal (28)
- Cochin University of Science & Technology (CUSAT), India (5)
- Coffee Science - Universidade Federal de Lavras (2)
- Comissão Econômica para a América Latina e o Caribe (CEPAL) (22)
- CORA - Cork Open Research Archive - University College Cork - Ireland (7)
- Dalarna University College Electronic Archive (2)
- DI-fusion - The institutional repository of Université Libre de Bruxelles (1)
- Digital Archives@Colby (1)
- Digital Commons @ DU | University of Denver Research (3)
- Digital Commons at Florida International University (13)
- Digital Peer Publishing (1)
- Digital Repository at Iowa State University (1)
- DigitalCommons - The University of Maine Research (2)
- DigitalCommons@The Texas Medical Center (6)
- DRUM (Digital Repository at the University of Maryland) (1)
- Duke University (8)
- eResearch Archive - Queensland Department of Agriculture; Fisheries and Forestry (9)
- Glasgow Theses Service (1)
- Greenwich Academic Literature Archive - UK (6)
- Helda - Digital Repository of University of Helsinki (13)
- Indian Institute of Science - Bangalore - Índia (30)
- Institutional Repository of Leibniz University Hannover (1)
- Ministerio de Cultura, Spain (1)
- National Center for Biotechnology Information - NCBI (2)
- Plymouth Marine Science Electronic Archive (PlyMSEA) (23)
- Portal de Revistas Científicas Complutenses - Espanha (1)
- Publishing Network for Geoscientific & Environmental Data (13)
- QSpace: Queen's University - Canada (3)
- QUB Research Portal - Research Directory and Institutional Repository for Queen's University Belfast (68)
- Queensland University of Technology - ePrints Archive (201)
- RDBU - Repositório Digital da Biblioteca da Unisinos (1)
- Repositório digital da Fundação Getúlio Vargas - FGV (7)
- Repositório Institucional da Universidade Federal de São Paulo - UNIFESP (1)
- Repositorio Institucional de la Universidad de Málaga (1)
- Repositorio Institucional de la Universidad Pública de Navarra - Espanha (1)
- Repositório Institucional UNESP - Universidade Estadual Paulista "Julio de Mesquita Filho" (18)
- RUN (Repositório da Universidade Nova de Lisboa) - FCT (Faculdade de Cienecias e Technologia), Universidade Nova de Lisboa (UNL), Portugal (3)
- SAPIENTIA - Universidade do Algarve - Portugal (2)
- Universidad de Alicante (1)
- Universidad Politécnica de Madrid (4)
- Universidade Federal do Rio Grande do Norte (UFRN) (3)
- Universitat de Girona, Spain (1)
- Université de Montréal, Canada (2)
- University of Canberra Research Repository - Australia (1)
- University of Connecticut - USA (1)
- University of Michigan (203)
- University of Queensland eSpace - Australia (12)
- University of Washington (1)
- WestminsterResearch - UK (2)
Resumo:
This paper examines the impact of the Sarbanes-Oxley Act (SOX), a legal framework intended to increase transparency and accountability of listed companies, on the cost of going public in the US. We expect SOX to increase the direct cost of going public, but decrease the underpricing because of reduced asymmetric information. Our main results corroborate these hypotheses. First, we find an increase in the cost of going public of 90 bp of gross proceeds. Second, we record a reduction in underpricing of 6 pp, which is related to a reduced offer price adjustment. This supports our hypothesis that SOX represents a mechanism to reduce asymmetric information.