Industrial-Sized Deals Shop all Back to School Shop Women's Handbags Learn more nav_sap_SWP_6M_fly_beacon Disturbed $5 Off Fire TV Stick Grocery Shop Popular Services gotS5 gotS5 gotS5  Amazon Echo Starting at $99 Kindle Voyage Metal Gear Solid 5 Big Savings in the Amazon Fall Sportsman Event STEM Toys & Games
The Sarbanes Oxley Debacle: What We've Learned; How to Fi... and over one million other books are available for Amazon Kindle. Learn more
Qty:1
  • List Price: $25.00
  • Save: $2.50 (10%)
FREE Shipping on orders over $35.
Only 1 left in stock (more on the way).
Ships from and sold by Amazon.com.
Gift-wrap available.
The Sarbanes Oxley Debacl... has been added to your Cart
Condition: Used: Very Good
Comment: VERY-GOOD TRADE-PAPERBACK
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

The Sarbanes Oxley Debacle: What We've Learned; How to Fix It (Aei Liability Studies) Paperback – May 24, 2006

4 customer reviews

See all 2 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle
"Please retry"
Paperback
"Please retry"
$22.50
$5.70 $0.47

Dancing with the Devil in the City of God
"Dancing with the Devil in the City of God"
A deeply reported and beautifully written biography of the seductive and chaotic city of Rio de Janeiro from prizewinning journalist Juliana Barbassa. Learn more
$22.50 FREE Shipping on orders over $35. Only 1 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.

Editorial Reviews

About the Author

Henry N. Butler is the James Farley Professor of Economics, Argyros School of Business and Economics, Chapman University.

Larry E. Ribstein is the Richard and Marie Corman Professor of Law, University of Illinois College of Law.

NO_CONTENT_IN_FEATURE

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Series: Aei Liability Studies
  • Paperback: 140 pages
  • Publisher: Aei Press (May 24, 2006)
  • Language: English
  • ISBN-10: 0844771945
  • ISBN-13: 978-0844771946
  • Product Dimensions: 6.6 x 0.5 x 8.5 inches
  • Shipping Weight: 2.1 ounces (View shipping rates and policies)
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #757,954 in Books (See Top 100 in Books)

More About the Authors

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

Format: Paperback
Written by economics professor Henry N. Butler and law professor Larry E. Ribstein, The Sarbanes-Oxley Debacle: What We've Learned, How to Fix It is a sharp-tongued denouncing of the Sarbanes-Oxley Act of 2002, or SOX. SOX was a legal measure created in response to the misconduct of the Enron Corporation, with the intent of protecting investors by improving the accuracy and reliability of corporate disclosures. Yet the strict new rules affecting financial practices and corporate governance regulation that comprise SOX cause a heavy direct and indirect cost - one so great, according to The Sarbanes-Oxley Debacle, that it harms the very investors it was supposed to protect as surely as the companies themselves. By creating opportunities for excessive litigation, increasing risk aversion by managers, and distracting executives' attention from maximizing shareholder value, among other flaws, SOX's disadvantages far outweigh its advantages according to the authors - who have come up with a far more viable plan to repeal or legally challenge SOX and address the issues SOX was meant to handle in a more effective manner. Especially recommended reading for policymakers and professionals in the field of corporate business law.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Paperback
You can tell from the use of the debacle in the title that the authors evaluate the business effects of the Sarbanes-Oxley (SOX) regulations negatively. Their arguments are interesting and convincing. One of the great things about our system of government is that we can revisit excesses of the past and fix them over time. Butler and Ribstein take us through the climate that led to the enactment of this set of regulation and that was an over reaction to some large business failures.

The collapse of the Internet Bubble led many to believe that the failures by fraud of Enron, WorldCom, Tyco, Adelphia and others were examples of the entire business community. We now know, as many knew then, that these were indeed exceptions. Criminal and causing injury to many, yes, but exceptions nonetheless.

The authors make an argument that businesses and the investment community would have corrected the problems that led to the fraud on their own. Maybe. I think it likely that investors would have demanded that the things the fraudsters used to hide their bad deeds be done away with or without this regulation.

I think the authors are quite compelling in demonstrating the excessive cost of SOX, especially for small businesses. This has distorting effects for the market because it prevents some companies from going public in order to avoid these costs. While the costs of these regulations to large companies may only be cents per $1,000 in sales (not insignificant, by the way), the costs for small companies can be several dollars per $1,000 in sales. Such costs can be crippling to the growth of a small firm. The issues surrounding SOX and foreign companies deciding to list in our markets or not because of these costs is also significant.
Read more ›
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Paperback Verified Purchase
very strange from the beginning to the end, as a professional CPA I sincerely doubt the knowledge of the author
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
2 of 4 people found the following review helpful By E. Robbins on March 14, 2007
Format: Paperback
If your against Sarbanes-Oxley, or trying to learn more why people don't like it as I was, this will be a useful text. The authors find very little to like about the law and much to criticize. I personally think the authors are a little too critical of the law and tend to blow things out of porportion, but that's their viewpoint.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

Set up an Amazon Giveaway

Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more
The Sarbanes Oxley Debacle: What We've Learned; How to Fix It (Aei Liability Studies)
This item: The Sarbanes Oxley Debacle: What We've Learned; How to Fix It (Aei Liability Studies)
Price: $22.50
Ships from and sold by Amazon.com