The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Fri, 11 Jun 2021 14:18:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 The Sarbanes-Oxley Act and Exit Strategies of Private Firms https://corpgov.law.harvard.edu/2011/01/31/the-sarbanes-oxley-act-and-exit-strategies-of-private-firms/ https://corpgov.law.harvard.edu/2011/01/31/the-sarbanes-oxley-act-and-exit-strategies-of-private-firms/#respond Mon, 31 Jan 2011 14:50:56 +0000 http://blogs.law.harvard.edu/corpgov/?p=15363?d=20150106101200EST Posted by R. Christopher Small, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Monday, January 31, 2011
Editor's Note: The following post comes to us from Francesco Bova, Miguel Minutti-Meza and Gordon Richardson of the Accounting Department at the University of Toronto; and Dushyantkumar Vyas of the Accounting Department at the University of Minnesota.

In the paper, The Sarbanes-Oxley Act and Exit Strategies of Private Firms, which was recently made publicly available on SSRN, we examine the costs of SOX compliance for private firms wanting to exit the private market via either an acquisition by a public firm or an IPO. The costs and benefits of the Sarbanes-Oxley Act of 2002 (SOX) have been oft-debated since the inception of the Act. However, much of the extant literature has assessed the costs and benefits of SOX to publicly-traded companies.

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