Sarbanes-Oxley and U.S. Corporate Radio

Abstract

This article investigates the effects of the U.S. federal Sarbanes-Oxley Act that was created to protect investors by improving the accuracy and reliability of corporate disclosures. It examines how the act has affected managerial activities and financial disclosures, showing that its effects reach the lowest level of radio organizations, increasing paperwork, costs, and creating mistrust of the process.

Key Words:

• corporations
• publicly traded firms
• regulation
• Sarbanes-Oxley Act