Mexican Corporations Entering and Leaving U.S. Markets: An Impact of the Sarbanes-Oxley Act of 2002?
Document Type
Article
Disciplines
International Law
Abstract
What has led to the dramatic decline of cross-listing in U.S. markets since 2002? A significant number of foreign issuers have delisted their American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE), accompanied by an impressive plunge in the number of Mexican firms seeking U.S. listings, among other shocking facts.' It is notable that this trend followed the enactment of the Sarbanes-Oxley Act of 20022 (hereinafter, "Sarbanes-Oxley", "SOX" or "the Act"), considered by many to be an excessive and rushed political response by Congress to the 2001 Enron and WorldCom scandals, aimed at restoring investor confidence.
Recommended Citation
Cardenas, Eugenio J., "Mexican Corporations Entering and Leaving U.S. Markets: An Impact of the Sarbanes-Oxley Act of 2002?" (2008). Connecticut Journal of International Law. 473.
https://digitalcommons.lib.uconn.edu/cjil/473
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