1、此文档是毕业设计外文翻译成品（ 含英文原文+中文翻译） ，无需调整复杂的格 式！下载之后直接可用，方便快捷！本文价格不贵,也就几十块钱！一辈子也就 一次的事！ 外文标题：The impact of ineffective internal control on the value relevance of accounting information 外文作者：Nan Hua, Baolei Qi, Gaoliang Tian, Lee Yao and Zhen Zeng 文献出处: Asia-Pacifi c Journal of Accounting accounting informat
2、ion； book value; earnings; value relevance; market value 1. Introduction The large number of accounting scandals such as Enron and WorldCom at the begin- ning of the twenty-fi rst century gave rise to the SarbanesOxley Act of 2002 (SOX).1 However, ever since its passage, the value of the SarbanesOxl
3、ey Act has been vigorously debated. Some researchers documented that SarbanesOxley could improve accrual quality and prevent managers earnings management behavior (Ashbaugh-Skaife et al. 2008). There is, however, a body of empirical research that reveals that the enforcement of SOX 404 imposes subst
4、antial costs on fi rms without commensurate benefi ts (e.g. Ribstein 2002; Berger, Li, Wong 2005; Romano 2005; Zhang 2007; Krishnan, Rama, and Zhang 2008; Li, Pincus, and Rego 2008). Executives complain that comply- ing with the rules of SOX 404 diverts their attention from doing business (Solomon and Bryan-Low 2004). Furthermore, the Act exposes managers and directors to greater litigation risks and penalties. Consequently, CEOs may take less risky projects and change their business strateg
