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Why Do Foreign Firms Leave US Equity Markets?

equity firms foreign leave Markets
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Why Do Foreign Firms Leave US Equity Markets?

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By Craig Doidge, George Karolyi & René Stulz Foreign firms are increasingly delisting from US exchanges. Some blame the Sarbanes-Oxley Act for undermining US competitiveness. This column shows that there is little evidence that greater regulation hurt foreign listing in the US. The firms deregister after performing poorly.

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