enough to say that companies chose to list in europe just to avoid being a subject to sox
Нмм..really? I thought it was done for tax purposes ;-)
Maybe if they list in Europe to avoid SoX then they have something to hide?
If I am not mistaken SoX was trigger by Enron and WorldCom/MCI collapses. No?
The only disadvantage of complying with SoX is extra labor = extra cost, but hiring a few extra accountants and auditors would hardly make company re-incorporate in Europe. IMHO