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Why Do Foreign Firms Leave U.S. Equity Markets?

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NBER2008-08-01 更新2025-01-04 收录
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This paper investigates Securities and Exchange Commission (SEC) deregistrations by foreign firms from the time the Sarbanes-Oxley Act (SOX) was passed in 2002 through 2008. We test two theories, the bonding theory and the loss of competitiveness theory, to understand why foreign firms leave U.S.

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2008-08-01
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