The Costs of Being Public After Sarbanes-Oxley: The Irony of 'Going Private'
William J. Carney
Emory University School of Law
Emory Law and Economics Research Paper No. 05-4
The Sarbanes-Oxley Act of 2002 added numerous costs to the burden of being a public company. The most onerous of these, requiring inside and outside assessment of internal controls, is only now affecting the costs of remaining a public company. After reviewing the reports of increased compliance costs for larger companies, this paper reports on the increasing numbers of companies choosing to terminate reporting under the securities laws, and focuses on the costs reported for those (generally smaller) companies that disclose their actual compliance costs.
Number of Pages in PDF File: 18
Keywords: Sarbanes-Oxley, Securities, Corporation, Regulation
JEL Classification: D23, G30, G38, K2, K22
Date posted: February 24, 2005
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