A carregar...
Publicação
Efficiency and regulatory changes in financial markets: an empirical evidence
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 198.75 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
In 2002, Sarbanes-Oxley Act (SOA) introduced several changes in the regulatory accounting environment in the USA. The regulatory changes in financial markets in the last decades arose the discussion of whether regulation brings efficiency to financial markets or not. This study proposes to use event studies methodology to analyse the impact of the SOA in firms listed both in NYSE and FTSE; in addition, it compares the efficient behaviour of these double-listed firms to the behaviour of firms listed only in FTSE. It is provided evidence that the SOA brought efficiency to the double-listed firms. The two types of firms do not show statistically significant differences in the long run.
Descrição
A Work Project, presented as part as the requirements for the Award of a Masters Degree in Finance from the Nova School in Business and Economics