The main reason for the 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)advent of shelf registration.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, which was enacted in response to accounting frauds and scandals in the early 2000s, increased the regulatory and compliance costs for public companies. These increased costs, along with heightened legal liabilities, have led many firms to choose going private to avoid the scrutiny of public markets.

The Main Reason for the Recent Migration of a Large