The Costs of Being Public After Sarbanes-Oxley: The Irony of 'Going Private'

20 Pages Posted: 14 Apr 2006  

William J. Carney

Emory University School of Law

Multiple version iconThere are 2 versions of this paper

Abstract

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.

Keywords: Corporation, securities, disclosure, Sarbanes-Oxley, going private, regulation

JEL Classification: D23, G30, G38, K2, K19, K22

Suggested Citation

Carney, William J., The Costs of Being Public After Sarbanes-Oxley: The Irony of 'Going Private'. Emory Law Journal, Vol. 55, p. 141, 2006; Emory Law and Economics Research Paper No. 06-03. Available at SSRN: https://ssrn.com/abstract=896564

William J. Carney (Contact Author)

Emory University School of Law ( email )

1301 Clifton Road
Atlanta, GA 30322
United States
404-727-6807 (Phone)
404-727-6820 (Fax)

Paper statistics

Downloads
763
Rank
2,991
Abstract Views
3,021