Pinar Karaca-Mandic

University of Minnesota-Twin Cities

Assistant Professor, Division of Health Policy and Management, School of Public Health, University of Minnesota
Contact Information
Curriculum Vitae [PDF]

Honors & Awards

Academic Progress Award, Graduate Division, UC Berkeley, Spring 2003
Dean’s Normative Time Fellowship, Graduate Division, UC Berkeley, Fall 2002
Continuing Student Fellowship, Department of Economics, UC Berkeley, 2001
Principal Investigator, “Analysis of Graduated Driver Licensing: Lower Risk Exposure or Better Driving” (with Greg Ridgeway), $185,000 from the National Institute of Child Health Development (application scored at top 3%), May 2006-May 2008
Co-Principal Investigator, “Peer Groups and Employment Outcomes of Young Adults”(with Nicole Maestas, PI), $200,000 from the National Institute of Child Health Development (application scored at top 0.6%), July 2007-July 2009.

Links

Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis

Ehud Kamar
Pinar Karaca-Mandic
Eric Talley

Abstract

We investigate whether the Sarbanes-Oxley Act of 2002 (SOX) has driven firms out of the public capital market. To control for other factors affecting exit decisions, we examine the post-SOX change in the propensity of public American targets to be bought by private acquirers rather than public ones with the corresponding change for foreign targets, which were outside the purview of SOX. Our findings are consistent with the hypothesis that SOX induced small firms to exit the public capital market during the year following its enactment. In contrast, large firms do not appear to have been affected.

Suggested Citation

Ehud Kamar, Pinar Karaca-Mandic, and Eric Talley. 2007. "Going-Private Decisions and the Sarbanes-Oxley Act of 2002: A Cross-Country Analysis " The Selected Works of Pinar Karaca-Mandic

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Selected Works of Pinar Karaca-Mandic