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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Main Authors: | GUAN, Yuguan, ZHANG, Liandong, ZHENG, Liu, ZOU, Hong |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2021
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Subjects: | |
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 |
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