Corporate Governance and the diversification discount

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dc.contributor.author Boumosleh, Anwar
dc.contributor.author Cline, Brandon N.
dc.contributor.author Hyder, Fawzi Jaber
dc.contributor.author Yore, Adam S.
dc.date.accessioned 2017-07-17T10:38:01Z
dc.date.available 2017-07-17T10:38:01Z
dc.date.copyright 2011 en_US
dc.date.issued 2017-07-17
dc.identifier.uri http://hdl.handle.net/10725/5923 en_US
dc.description.abstract We examine whether the Sarbanes-Oxley Act has a major role in reducing the diversification discount and enhancing internal capital markets efficiency. The act proposes new rules and regulations on financial practice and reshapes corporate governance to insure alignment of incentives between corporate insiders and investors. We check the relationship between corporate governance variables and the diversification discount. Finally, we conclude the indirect effects of the act in enhancing efficiency and reducing the diversification discount. We find that the level of corporate governance, especially CEO power, affects the efficient allocation of resources and the diversification discount correspondingly. However, we find that the sensitivity of the diversification discount to CEO power decreases significantly after the implementation of the Sarbanes-Oxley Act, which implies that the restrictions and regulations passed by the act enhance corporate governance and limit the misallocation of resources and the diversification discount respectively. en_US
dc.language.iso en en_US
dc.title Corporate Governance and the diversification discount en_US
dc.type Conference Paper / Proceeding en_US
dc.title.subtitle The implications of the Sarbanes-Oxley Act en_US
dc.author.school SOB en_US
dc.author.idnumber 200501018 en_US
dc.author.department Department of Finance and Accounting (FINA) en_US
dc.description.embargo N/A en_US
dc.keywords Diversification Discount en_US
dc.keywords Internal Capital Market en_US
dc.keywords Corporate Governance en_US
dc.keywords Sarbanes-Oxley en_US
dc.description.bibliographiccitations Includes bibliographical references en_US
dc.identifier.doi http://dx.doi.org/10.2139/ssrn.1933105 en_US
dc.identifier.ctation Boumosleh, A. S., Cline, B. N., Jaber Hyder, F., & Yore, A. S. (2011). Corporate governance and the diversification discount: the implications of the Sarbanes-Oxley Act. en_US
dc.author.email anwar.boumosleh@lau.edu.lb en_US
dc.conference.pages 31 p. en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://www.researchgate.net/profile/Anwar_Boumosleh/publication/228215133_Corporate_Governance_and_the_Diversification_Discount_The_Implications_of_the_Sarbanes-Oxley_Act/links/0c96052202b998467e000000.pdf en_US
dc.author.affiliation Lebanese American University en_US

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