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Cited by 117Corporate Finance and GovernanceAuditing, Earnings Management, GovernancePrivate Equity and Venture Capital

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

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

Kamar, E., Karaca-Mandic, P., Talley, E.·2007·Journal of Law, Economics, and Organization
DOI 10.1093/jleo/ewn019
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Abstract

This article investigates whether the passage and the implementation of the Sarbanes-Oxley Act of 2002 (SOX) drove 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 American public targets to be bought by private acquirers rather than public ones with the corresponding change for foreign public 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, SOX appears to have had little effect on the going-private propensities of larger firms. (JEL G30, G34, G38, K22)

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Crossref · 10.1093/jleo/ewn019

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2 of 2 references verified0 citation errors · 0 not checkable

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  • There exists evidence on market exit as a regulatory avoidance strategy in response to financial regulation.

    “There exists evidence on market exit as a regulatory avoidance strategy in response to financial regulation (e.g., Leuz et al. 2008; Kamar et al. 2009; DeFond and Lennox 2011).”

    From Mandatory CSR and sustainability reporting: economic analysis and literature review (2021) · cites this paper as Kamar et al. 2009

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Metadata

Authors
Kamar, E., Karaca-Mandic, P., & Talley, E.
Affiliations
  • University of Southern California (US)
  • University of California, Berkeley (US)
Corresponding author
Kamar, E.
Venue
Journal of Law, Economics, and Organization
Publisher
Oxford University Press (OUP)
Published
2007-11-17
Volume
25
Issue
1
Pages
107-133
ISSN
  • 1465-7341 (ISSN-L)
  • 8756-6222
DOI
10.1093/jleo/ewn019
OpenAlex
W1981849749
Cited by
117
References
2
Citations by year
2025: 2 · 2024: 3 · 2023: 3 · 2022: 6 · 2021: 7 · 2020: 4 · 2019: 7 · 2018: 5 · 2017: 14 · 2016: 5 · 2015: 4 · 2014: 5 · 2013: 9 · 2012: 6
FWCI
32.32
Type
journal article
Language
en
Open access
closed
Locations
  • The Journal of Law Economics and Organization (publishedVersion)
  • eYLS (Yale Law School) (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • eScholarship (California Digital Library) (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
  • Social Sciences › Business, Management and Accounting › Accounting › Auditing, Earnings Management, Governance
  • Social Sciences › Economics, Econometrics and Finance › Finance › Private Equity and Venture Capital
Keywords
Sarbanes-Oxley Act, going-private transactions, corporate acquisition, small business, firm size, cross-national comparison, corporate governance regulation

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