The Sarbanes-Oxley Debacle: What We've Learned; How to Fix it

U Illinois Law & Economics Research Paper No. LE06-017

Larry Ribstein, Henry Butler, THE SARBANES-OXLEY DEBACLE: WHAT WE'VE LEARNED; HOW TO FIX IT, AEI Press 2006

Chapman University Law Research Paper No. 06-15

4 Pages Posted: 23 Jun 2006

See all articles by Larry E. Ribstein

Larry E. Ribstein

University of Illinois College of Law (deceased); PERC - Property and Environment Research Center

Henry N. Butler

George Mason University - Antonin Scalia Law School, Faculty

Abstract

This Abstract introduces the authors' new book, The Sarbanes-Oxley Debacle: What We've Learned; How to Fix It (The AEI Press 2006). The Sarbanes-Oxley Act of 2002 ("SOX") is a colossal failure, poorly conceived and hastily enacted during a regulatory panic. Everyone now concedes that the direct compliance costs of SOX have been much greater than anticipated. While that alone should give any serious policy analyst pause, the Act's defenders press the case that SOX was worth its problems. This book demonstrates that the supporters are wrong in their assessment: Both logic and evidence make it clear that SOX was a costly mistake.

JEL Classification: K20, K22, K34, K42, L51

Suggested Citation

Ribstein, Larry Edward and Butler, Henry N., The Sarbanes-Oxley Debacle: What We've Learned; How to Fix it. U Illinois Law & Economics Research Paper No. LE06-017; Larry Ribstein, Henry Butler, THE SARBANES-OXLEY DEBACLE: WHAT WE'VE LEARNED; HOW TO FIX IT, AEI Press 2006; Chapman University Law Research Paper No. 06-15. Available at SSRN: https://ssrn.com/abstract=911277

Larry Edward Ribstein (Contact Author)

University of Illinois College of Law (deceased)

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

Henry N. Butler

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States
703-993-8644 (Phone)

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