The cost of compliance with the Sarbanes-Oxley Act has had little effect on the willingness of foreign companies to list their shares on U.S. stock exchanges.

Question

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The costs of the Sarbanes-Oxley Act, and the heavy penalties for those found guilty of improprieties, have had a significant negative effect on the willingness of foreign companies to list their shares on U.S. exchanges. This has been a reason for U.S. exchanges to merge with foreign exchanges.

The Cost of Compliance with the Sarbanes-Oxley Act Has Had