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SOX shows unique governance benefits

The critics of the Sarbanes-Oxley Act (SOX) say that the regulation has made the U.S. less competitive, causing an exodus of companies to less-regulated stock exchanges in London and Hong Kong. The authors of a new paper defy this common wisdom. They find that when firms' characteristics such as size and type are factored in, the listing gap disappears.

Information technologies for development: a quick round-up

What a difference a month can make! Only a few weeks ago I was dreaming about the establishment of a decision market for development projects. As if to provide comfort to my employer that I was not hallucinating, Globalgiving have now launched a pilot online decision market "to help identify promising ideas and interventions in the arena of international development."

Lack of standards hurts Islamic finance

The $500 billion Islamic finance sector is large enough to attract serious attention from the UK government, which recently made changes to its tax law to enable Muslims who object to the payment or receipt of interest to access Islamic personal financial services such as mortgages and savings accounts.


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