Managerial liability and corporate innovation: Evidence from a legal shock

Managerial liability and corporate innovation: Evidence from a legal shock

Despite a longstanding debate over the pros and cons of imposing legal liability on directors and officers (D&Os), there is limited evidence on how D&O liability affects corporate innovation. We study this question by exploiting Nevada's 2001 corporate law change that dramatically lower...

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Bibliographic Details
Main Authors: GUAN, Yuguan, ZHANG, Liandong, ZHENG, Liu, ZOU, Hong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
D&O liability
legal liability
directors
officers
corporate innovation
Nevada corporate law
innovation outputs
litigation risk
innovative industries
governance
exchange-listed firms
over-the-counter listed firms
risky innovation
explorative innovation
sustainable growth
litigation environment
Accounting
Corporate Finance
Technology and Innovation
Online Access:https://ink.library.smu.edu.sg/soa_research/2006
https://ink.library.smu.edu.sg/context/soa_research/article/3033/viewcontent/ManagerialLiability_CorporateInnov_av.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/2006
https://ink.library.smu.edu.sg/context/soa_research/article/3033/viewcontent/ManagerialLiability_CorporateInnov_av.pdf

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