This research brief summarizes the impact of the Sarbanes-Oxley Act (SOX) on small firms based on a review of studies of relative compliance costs, stock-price reactions, and exit patterns from the public market.
This dissertation analyzes the combination of federal and investors' class actions to enforce federal securities laws, as well as how the Sarbanes-Oxley Act disrupts joint public and private litigation to discipline self regulatory organizations like the national stock exchanges, and the effects of these attempted reforms on the market.
This paper reviews the history of Chinese banking-system reform, examines recent government reform efforts, analyzes the current condition of major commercial banks, and considers issues and challenges presented by further reforms.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) limited exempt household goods on which debtors could avoid certain liens. This study found no changes in debtor or creditor behavior due to the new limits.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that bankruptcy filers with above-median monthly incomes use IRS standards, not current expenses, to calculate disposable income. This report assesses this law's effects.
A digital bankruptcy case filing system, incorporating lessons from the IRS and GSA as well as the private sector, may be on the horizon to help the U.S. Trustee Program better identify and measure fraud, abuse, and error in personal bankruptcies.
An in-depth examination of one nonprofit social services agency found that employees spent nearly half their time collecting information needed for compliance efforts. Steps can be taken to reduce the amount of time and money spent on reporting requirements.