38 Pages Posted: 20 Jun 2007
Date Written: June 2007
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.
Suggested Citation: Suggested Citation
Kamar, Ehud and Karaca-Mandic, Pinar and Talley, Eric L., Sarbanes-Oxley's Effects on Small Firms: What is the Evidence? (June 2007). USC CLEO Research Paper No. C07-9; Harvard Law and Economics Discussion Paper No. 588; USC Law Legal Studies Paper No. 07-8. Available at SSRN: https://ssrn.com/abstract=993198 or http://dx.doi.org/10.2139/ssrn.993198