A Pox on Both Your Houses: Enron, Sarbanes-Oxley and the Debate Concerning the Relative Efficacy of Mandatory Versus Enabling Rules

Jonathan R. Macey

F. Hodge O'Neal Corporate and Securities Law Symposium

A Pox on Both Your Houses: Enron, Sarbanes-Oxley and the Debate Concerning the Relative Efficacy of Mandatory Versus Enabling Rules

Author: Jonathan R. Macey (Cornell University)

Abstract

The main point of this Article is that the “demand-side” of U.S. capital markets is not functioning effectively, at least with respect to certain kinds of information.

Keywords: Financial disclosure, Securities, Capital market, Corporate governance, Sarbanes-Oxley Act of 2002

How to Cite: Macey, J. (2003) “A Pox on Both Your Houses: Enron, Sarbanes-Oxley and the Debate Concerning the Relative Efficacy of Mandatory Versus Enabling Rules”, Washington University Law Review. 81(2).