This article reports on the experience with the Sarbanes-Oxley Act of 2002 in the three years since its passage. In general, the costs have been significant and the benefits elusive. This suggests some lessons for future regulation.
Law and Economics
Date of this Version
Larry E. Ribstein, "Sarbanes-Oxley After Three Years" (June 2005). University of Illinois Law and Economics Working Papers. Working Paper 30.