Theses and Dissertations - UTRGV

Great Recession and Corporate Recovery: Empirical Evidence of the Impact of Firms' Internal Control System

Gbolahan Olaoluwa Oladayo, The University of Texas Rio Grande Valley

Copyright 2023 The Author. All Rights Reserved.

Abstract

In Previous studies, we are made to understand that recession has a detrimental effect on corporate valves. Hence, I investigate substantial evidence that firms with a good internal control system, even during the financial crisis of 2008, were able to minimize redundancies that could have negatively affected the recovery of their company’s post-recession. Thus, firms with effective internal control systems are able to recover from negative events significantly faster (as measured by the firm’s valve) than those without such systems.