Shareholder litigation and corporate disclosure: Evidence from derivative lawsuits
Using the staggered adoption of universal demand (UD) laws in the United States, we study the effect of shareholder litigation risk on corporate disclosure. We find that disclosure significantly increases after UD laws make it more difficult to file derivative lawsuits. Specifically, firms issue mor...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1713 https://ink.library.smu.edu.sg/context/soa_research/article/2740/viewcontent/Shareholder_Litigation_2017_afv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |