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

Ehud Kamar
Pinar Karaca-Mandic
Eric Talley

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

Ehud Kamar, Pinar Karaca-Mandic, and Eric Talley. 2007. "Sarbanes-Oxley's Effects on Small Firms: What is the Evidence? " The Selected Works of Pinar Karaca-Mandic