The boundaries of the law: Can US private enforcement discipline foreign firms?

• Main Authors: MASSA, Massimo, WANG, Xiaoqiao, ZHANG, Bohui, ZHANG, Hong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: Lawsuits; class action; governance; valuation; corporate financial policy; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7654; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8653/viewcontent/BoundariesLaw_sv.pdf
• Institution: Singapore Management University

Existing studies tend to focus on how a legal system reinforces the efficiency of its domestic firms or foreign companies that are subject to its domestic jurisdiction (e.g., via cross-listing). Our study provides critical normative implications in the era of financial globalization by showing that...