Nejadmalayeri, Ali; Nishikawa, Takeshi; Rao, Ramesh P.
Journal of Banking & Finance. Aug. 2013, Vol. 37 Issue 8, pp. 2991-3006.

• SOX has led to a significant 27bps structural decline in spreads.
• Riskier firms benefited more from passage of SOX.
• Firms’ aspects related to SOX provisions (e.g., corporate governance) matter.