Journal of
Marketing Development and Competitiveness
Scholar Gateway
Abstracts prior to volume 5(1) have been archived!Issue 5(1), October 2010 -- Paper AbstractsGirard (p. 9-22)Cooper (p. 23-32)Kunz-Osborne (p. 33-41)Coulmas-Law (p.42-46)Stasio (p.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.
