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<span>The appropriate response is Sarbanes-Oxley Act. It is a demonstration gone by U.S. Congress in 2002 to shield financial specialists from the likelihood of fake bookkeeping exercises by companies. The SOX Act commanded strict changes to enhance money related exposures from companies and counteract bookkeeping misrepresentation.
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We show that municipalities that are exogenously exposed to the Drug War experience a 40% decrease in export growth on the intensive margin. Large exporters suffer larger effects, along with exports of more complex, capital intensive, and skill intensive products. Finally, using firm level data, we provide evidence consistent with violence increasing marginal exporting costs.
