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Disclosure Adds Shareholder Value: Lessons from Sarbanes-Oxley's Predecessor -- by Michael Greenstone, Paul Oyer and Annette Vissing-Jorgensen.

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| July 17, 2006 | COPYRIGHT 2009 AScribe. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Stanford Graduate School of Business

STANFORD, Calif., July 17 (AScribe Newswire) -- The following opinion editorial is by Michael Greenstone, Massachusetts Institute of Technology; Paul Oyer, Stanford Graduate School of Business; and Annette Vissing-Jorgensen, Kellogg School of Management, Northwestern University. The article appears in today's issue of Stanford Knowledgebase, the monthly electronic newsletter published by the Stanford Graduate School of Business, http://www.gsb.stanford.edu/news/knowledgebase.html .

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The convictions of the late Kenneth Lay and Jeffrey Skilling on charges of fraud and conspiracy in the Enron trial are important reminders that corporate executives don't always operate in the best interests…

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