Corporate Governance Regulation: How Poor Management is Destroying the Global Economy

Preface Introduction Chapter 1: Virtue Lost Introduction Methodology Methodological Limitations The Modern Corporation and Virtue The Policy Framework Conclusions Chapter 2: An Introduction to WorldCom: A Policy Primer Introduction WorldCom The Source of Conflict Rules vs. Laws The Case for Intentionality Regulatory Contribution WorldCom as a Basis for Sarbanes-Oxley Chapter 3: The Enactment Process Introduction The Enactment Process The Law's Effects Current Arguments in Favor Institutional Precedents Chapter 4: CEO Perception 1 Summary Introduction Summary of Relevant Literature Survey Results Discussion Appendix to Chapter Four Chapter 5: Sarbanes-Oxley's Impact upon Investor Risk 1 Summary Introduction Extending CAPM Hypotheses Evaluation of Risk Estimation & Results Discussion Chapter 6: An Audit of Sarbanes-Oxley Introduction A Conceptual Foundation Internal Controls The Audit Framework Effect on Unintentional Sources of Error Effect on Corporate Malfeasance Conclusions Chapter 7: The Underlying Vision Econometrics in Policy Analysis A Model Predicated on "Unobservables" Conclusions Chapter 8: The Argument for Accountability Introduction Professional Liability Policy Misuse The Case for Culpability The Improbability of Accountability Conclusions Chapter 9: Why Sarbanes-Oxley? Introduction Methodology Port Huron Why Sarbanes-Oxley? Notes Glossary About the Authors Index