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The SEC and International Cash Management
Author(s) -
Walker Donald A.
Publication year - 2015
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22096
Subject(s) - commission , accounting , cash , business , state (computer science) , executive compensation , terrorism , finance , economics , law , corporate governance , political science , algorithm , computer science
This article describes the impact of the Securities and Exchange Commission (SEC) disclosure rules as they apply to U.S. corporations about transactions with companies in nations that were designated as state supporters of terrorism. The rules require broader and more detailed disclosures about executive compensation and the methods for valuing complex financial instruments. Various stakeholders want a deeper knowledge of management activities in these regions of the world. Cash balances held outside the United States by U.S. corporations are seen as being withheld from investing in growth and taxation in the United States. A most recent cause in the concern for increasing employment and economic growth is the focus on corporate cash balances held outside the United States by U.S. corporations, which are seen both as being withheld from investing in growth and providing jobs in the United States and not being taxed by the United States. This article describes the impact of the SEC disclosure rules as they apply to U.S. corporations, but does not address the validity of these concerns or the morality of corporate behavior. © 2015 Wiley Periodicals, Inc.