Sarbanes-Oxley's Effects on Small Firms: What is the Evidence?
University of Southern California - Gould School of Law; European Corporate Governance Institute (ECGI)
Eric L. Talley
University of California, Berkeley - Boalt Hall School of Law
USC CLEO Research Paper No. C07-9
Harvard Law and Economics Discussion Paper No. 588
USC Law Legal Studies Paper No. 07-8
This article presents an overview of the regulatory regime created by the Sarbanes-Oxley Act of 2002 (SOX) and its implications for small firms. We review the available evidence in three distinct domains: compliance costs, stock price reactions, and firms' decisions to exit regulated securities markets.
Number of Pages in PDF File: 38working papers series
Date posted: June 20, 2007
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