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Sarbanes-Oxley's Effects on Small Firms: What is the Evidence?

38 Pages Posted: 20 Jun 2007  

Ehud Kamar

Tel Aviv University - Buchmann Faculty of Law; European Corporate Governance Institute (ECGI)

Pinar Karaca-Mandic

RAND Corporation

Eric L. Talley

Columbia University - School of Law

Date Written: June 2007

Abstract

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

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

Ehud Kamar (Contact Author)

Tel Aviv University - Buchmann Faculty of Law ( email )

Ramat Aviv
Tel Aviv 69978, IL
Israel
972-3-6407301 (Phone)

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Pinar Karaca-Mandic

RAND Corporation ( email )

1776 Main Street
Santa Monica, CA 90407
United States

Eric L. Talley

Columbia University - School of Law ( email )

435 West 116th Street
New York, NY 10025
United States

HOME PAGE: http://www.erictalley.com

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