How do mandatory clawback provisions affect firm value? Evidence from the SEC’s enforcement actions
I examine how the SEC’s enforcement actions on mandatory clawback provisions affect shareholder wealth. I hypothesize that enforcing clawback provisions is likely to be value-increasing for firms with a higher likelihood of restating earnings, value-decreasing for firms with a higher likelihood of e...
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| Format: | Thesis |
| Language: | English |
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2014
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| Online Access: | https://hdl.handle.net/10356/61077 |