dc.contributor.authorLi, Wen
dc.date.accessioned2014-06-04T07:21:36Z
dc.date.accessioned2017-07-23T08:25:13Z
dc.date.available2014-06-04T07:21:36Z
dc.date.available2017-07-23T08:25:13Z
dc.date.copyright2014en_US
dc.date.issued2014
dc.identifier.citationLi, W. (2014). How do mandatory clawback provisions affect firm value? Evidence from the SEC’s enforcement actions. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/61077
dc.description.abstractI 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 engaging in real earnings management and value-decreasing for firms with more risk-averse managers. My results support my hypotheses and suggest that the mandatory clawback provisions may create value for some firms but it may destroy value for others. My study provides important implications for the valuation consequences of the mandatory adoption of clawback provisions under the Dodd-Frank Act.en_US
dc.format.extent53 p.en_US
dc.language.isoenen_US
dc.subjectDRNTU::Business::Lawen_US
dc.titleHow do mandatory clawback provisions affect firm value? Evidence from the SEC’s enforcement actionsen_US
dc.typeThesis
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.contributor.supervisorZhang Huaien_US
dc.description.degreeDOCTOR OF PHILOSOPHY (NBS)en_US
dc.identifier.doihttps://doi.org/10.32657/10356/61077


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