Sarbanes Oxley Update
According to the Brenner Banner article Where Have All the Public Companies Gone, since, 1997 “the number of listings (of public companies) has declined by almost 40%. This is especially remarkable as listings on other global stock exchanges have increased: the number of listed companies in Hong Kong has almost doubled.” The article states that Grant Thornton says this is not due to Sarbanes Oxley, but the advent of online trading. I do not find this credible. Online trading should effect all the other stock exchange also.
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