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CIAO DATE: 12/03
Blame Sarbanes-Oxley
Peter J. Wallison
On The Issues
September 2003
Abstract
An array of stimulus factors has failed to generate strong growth in the U.S. economy. That may largely be a consequence of the Sarbanes-Oxley Act and the stock exchange regulations it has spawned, which have altered the composition and dynamics of corporate boards in ways that discourage risk-taking.
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