Study Finds Compliance Not Deterring Companies

Law360, New York (April 30, 2007, 12:00 AM EDT) -- Though the requirements of the Sarbanes-Oxley Act have been blamed for the recent drop in the number of companies seeking to list on U.S. exchanges, a new study shows the blame may have been misplaced.

The study, published by Andrew Karolyi and Rene Stulz of Ohio State University and Craig Doidge of the University of Toronto, reveals that the decrease in the number of foreign companies listing on U.S. exchanges is not the result of regulatory burdens.

Rather, the decline is due to a fewer number...
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