• Research Paper on:
    Assessing the Effects of Increased Corporate Governance

    Number of Pages: 21

     

    Summary of the research paper:

    A 21 page revision of a 15-page proposal of the same name. This version includes a discussion of the Sarbanes-Oxley Act of 2002 as well as an appendix listing 21 proposed survey questions and rationale for including them. Bibliography lists 32 sources.

    Name of Research Paper File: CC6_KSacctCorpGov2.rtf

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    Unformatted Sample Text from the Research Paper:
    Nations and organizations throughout the world are more aware of the need for greater corporate governance, and many have taken or are considering alterations to standards  that could increase corporate responsibility and compliance in financial reporting. What remains unclear is how some of the proposed and realized changes may affect business operation. The study  proposed here seeks to determine how accounting and auditing standards may be affected by these changes. Proposed Hypotheses All publicly traded firms are  under intense pressure to "make the numbers" each quarter, and those that miss target earnings estimates likely will experience a decline in stock price as investors search for another investment  that provides greater quarterly returns. Some organizations, however, are better able to build for the long term and have stockholders more willing to be patient for economic returns.  One hypothesis will be that, even though shareholders may be more patient, these organizations face the same pressures as other publicly traded firms.  A related hypothesis is that these firms do suffer from missing targets, though perhaps not in the same degree as those more actively pursuing quarterly results than sustainable growth over  the long term. A third hypothesis is that these sustainably-minded organizations outperform non-Index firms over the long term.  The final hypothesis is that firms adopting a longer view may need to alter their accounting and auditing practices, which in turn can lead to changing accounting and  auditing standards. Early Attention The Federal Reserve Bank of New York hosted a conference in December 2000 centered on corporate governance. Then-SEC 

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