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.
The John M. Olin Center for Law, Economics, and Business
Harvard Law School
The John M. Olin Center for Law, Economics, and Business
Harvard Law School