RAND Center for Corporate Ethics and Governance
Improving corporate ethics and public policy through objective, empirical research and analysis.
The RAND Center for Corporate Ethics and Governance, or CCEG, is committed to improving public understanding of corporate ethics, law, and governance, and to identifying specific ways that businesses can operate ethically, legally, and profitably at the same time.
The CCEG is dedicated to three objectives:
- Creating more effective public policies
- Promoting more ethical, self-governing corporate cultures, and
- Improving public trust in the corporate world.
Selected Publications
Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis
This
paper investigates whether the regulatory regime created by the Sarbanes-Oxley Act of 2002 (SOX) has driven firms in general,
and small firms in particular, out of the public capital market.
Cataclysmic Liability Risk Among Big Four Auditors
Since the implosion
of Arthur Andersen in 2002, many have advocated that the auditing industry should be insulated from legal liability, arguing
that the profession faces such high risk of cataclysmic liability that its future viability is imperiled. This article discusses
the legal, theoretical, and empirical nature of that claim.
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