Sunday, June 24, 2007
Kamar et al. on SOX's Effects on Small Firms
Sarbanes-Oxley's Effects on Small Firms: What is the Evidence? , by EHUD KAMAR, University of Southern California - Gould School of Law and Harvard Law School; PINAR KARACA-MANDIC, RAND Corporation; and ERIC L. TALLEY, UC Berkeley (Boalt Hall) School of Law, RAND Corporation and University of Southern California - Law School, was recently posted on SSRN. Here is the 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.