Working Paper

The impact of mandatory governance changes on financial risk management

This paper uses the staggered adoption of the Sarbanes-Oxley Act of 2002 for a difference-in-difference identification of the impact of corporate governance on hedging. In a large panel of listed US firms, we focus on two indexes of the legally...Read more

Ulrich Hege
Elaine Hutson
Elaine Laing
12 February 2018