The Impact of Meeting Analyst Earnings Expectations on the Market Response to the Announcement of Internal Control Weaknesses

dc.contributor.advisorHoag, Matten_US
dc.contributor.authorWeinberger, Andrewen_US
dc.contributor.cuauthorWeinberger, Andrewen_US
dc.date.accessioned2021-04-21T17:33:57Z
dc.date.available2021-04-21T17:33:57Z
dc.date.issued2021-04-09en_US
dc.degree.committeeBraymen, Charlesen_US
dc.degree.disciplineBusiness Administration (graduate program)en_US
dc.degree.grantorGraduate Schoolen_US
dc.degree.levelDBA (Doctorate in Business Administration)en_US
dc.degree.nameDoctorate in Business Administrationen_US
dc.description.abstractIn this study, I examine the impact of meeting analyst earning expectations on the market response to material weakness disclosures identified under Sections 302 and 404 of the Sarbanes-Oxley Act of 2020. Utilizing a sample period spanning 15 years, I find that the market response to material weakness disclosures is significantly influenced by earnings outcomes. The market response to 404 material weakness disclosures for firms that missed earnings is 1.7% lower than firms that met or beat earnings expectations, while the market response to 302 material weakness disclosures is 2.1% lower for firms that missed earnings. I find evidence that new material weaknesses disclosed under SOX 404 are associated with more negative market response compared to repeating material weaknesses, however no such difference exists for material weaknesses disclosed under SOX 302. I also find that the number of material weaknesses disclosed under SOX 302 and 404 is on the rise over the past decade.en_US
dc.description.noteProQuest Traditional Publishing Optionen_US
dc.identifier.urihttp://hdl.handle.net/10504/129804
dc.language.isoen_USen_US
dc.publisherCreighton Universityen_US
dc.publisher.locationOmaha, Nebraskaen_US
dc.rightsCopyright is retained by the Author. A non-exclusive distribution right is granted to Creighton University and to ProQuest following the publishing model selected above.en_US
dc.rights.holderAndrew Weinbergeren_US
dc.titleThe Impact of Meeting Analyst Earnings Expectations on the Market Response to the Announcement of Internal Control Weaknessesen_US
dc.typeDissertation
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