The main reason for recent migration of a large number of firms from public-to-private ownership is:
A) Blue-sky laws
B) Sarbanes-Oxley Act
C) International Accounting Standards (IAS)
D) None of the above

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, which was enacted in 2002, introduced strict regulations and increased disclosure requirements for public companies in the United States, making going public a less attractive option for some firms. This has led to a trend of firms going private to avoid these regulations and increase their flexibility and control.

The Main Reason for Recent Migration of a Large Number