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Stephen Bainbridge: Sarbanes-Oxley bleeds profits, cuts risk taking
Stephen Bainbridge, The Examiner Jun 19, 2007 2:00 AM (905 days ago)WASHINGTON Apologists for the Sarbanes-Oxley Act claim that its corporate governance reforms benefit the American economy in a number of ways, including restored investor confidence in the integrity of the capital markets, enhanced corporate disclosures and reduced incentives for corporate management to manipulate stock prices. Unfortunately, these benefits are both intangible and resistant to measurement.
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