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The declining benefits of listing in the US



The WSJ reports a study indicating that the premium for a foreign firm's listing in the US has declined significantly after SOX. This could explain why foreign firms have been leaving the US for other capital markets. I discuss the implications of the study for the debate on SOX.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.