Coles, Jeffrey L. - In: Journal of Accounting and Economics 45 (2008) 2-3, pp. 209-220
LTW (2008) examine firms withdrawing from the SEC reporting system but continuing to trade on Pink Sheets. The paper finds that Sarbanes-Oxley increased the propensity of firms to go dark but, counter to conventional wisdom, had no significant effect on the rate of going-private transactions....
