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June 6, 2005
Sarbanes-Oxley Costs
A new study by Professor Zhang at Rochester estimates that the passage of Sarbanes-Oxley in 2002 caused stock prices to drop around $1.4 Trillion. See Economist magazine. In other words, investors decided that the passage of the Act made them substantially worse off than they were before the Act was passed.
June 6, 2005 | Permalink
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