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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

Impact of Canadian SOX on Canadian Acquisitions


Author(s): Ashrafee T. Hossain

Citation: Ashrafee T. Hossain, (2013) "Impact of Canadian SOX on Canadian Acquisitions," Journal of Accounting and Finance, Vol. 13, Iss. 5, pp. 11 - 25

Article Type: Research paper

Publisher: North American Business Press

Abstract:

We examine the effects of Ontario Bill-198 (CSOX-2003), the strictest corporate regulation in Canada.
Despite some drawbacks, we find the Act has added significant value contrary to many practitioners’
beliefs. Using a large sample of Canadian tender-offers between 1996 and 2009, we find that both target
and acquirer shareholders experience higher abnormal returns closer to announcement dates in the post-
CSOX period. Using industry adjusted portfolio, we also find that the long term post-acquisition
operating performances for the acquiring firms have significantly improved in the post-Act period.
Overall, our results suggest that CSOX has an incremental positive impact on Canadian acquisitions.