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 …
the effect of shareholder litigation risk on corporate disclosure. We find that disclosure …
Monitoring or collusion? Multiple large shareholders and corporate ESG performance: evidence from China
L Wang, J Qi, H Zhuang - Finance Research Letters, 2023 - Elsevier
We examine the collusion effects of multiple large shareholders (MLS) on corporate ESG
performance. Using a sample of Chinese listed firms for 2010–2020, we find that firms with …
performance. Using a sample of Chinese listed firms for 2010–2020, we find that firms with …
[HTML][HTML] Shareholder litigation rights and ESG controversies: A quasi-natural experiment
Leveraging as a quasi-natural experiment the staggered passage of universal demand laws,
which raise the difficulty of shareholder lawsuits, we examine the effect of shareholder …
which raise the difficulty of shareholder lawsuits, we examine the effect of shareholder …
Consequences of state-level regulations in accounting, finance, and corporate governance: A review
We review the literature on the consequences of US state-level local regulations for various
corporate outcomes in the accounting, finance, and corporate governance domain. We …
corporate outcomes in the accounting, finance, and corporate governance domain. We …
Shareholder litigation rights and the cost of debt: Evidence from derivative lawsuits
Exploiting the staggered adoption of universal demand (UD) laws as exogenous shocks to
filing derivative lawsuits, we find that weakened shareholder litigation rights cause a …
filing derivative lawsuits, we find that weakened shareholder litigation rights cause a …
Shareholder litigation rights and corporate cash holdings: Evidence from universal demand laws
We exploit the staggered adoption of universal demand (UD) laws, which hinders
shareholders' rights to initiate derivative lawsuits, by 23 states in the United States from 1989 …
shareholders' rights to initiate derivative lawsuits, by 23 states in the United States from 1989 …
Shareholder litigation and conservative accounting: Evidence from universal demand laws
H Manchiraju, V Pandey… - The Accounting …, 2021 - publications.aaahq.org
We use the staggered adoption of the Universal Demand Laws (UD Laws) to examine the
effect of an exogenous reduction in shareholders' ability to litigate on the extent of …
effect of an exogenous reduction in shareholders' ability to litigate on the extent of …
Courting innovation: The effects of litigation risk on corporate innovation
In this study, we examine the impact of class action litigation shocks on corporate innovation.
Our experimental design is based on an unanticipated court ruling that reduces the risk of …
Our experimental design is based on an unanticipated court ruling that reduces the risk of …
Customer concentration and shareholder litigation risk: Evidence from a quasi-natural experiment
N Wongsinhirun, P Chatjuthamard, P Jiraporn… - Journal of Behavioral …, 2024 - Elsevier
Capitalizing on a unique ruling by the Ninth Circuit Court of Appeals that unexpectedly
raised the difficulty of shareholder litigation, we examine how an exogenous reduction in …
raised the difficulty of shareholder litigation, we examine how an exogenous reduction in …
The need to validate exogenous shocks: Shareholder derivative litigation, universal demand laws and firm behavior
Several recent studies argue that the adoption of universal demand (UD) laws represent an
exogenous decline in litigation risk by increasing the procedural hurdles associated with …
exogenous decline in litigation risk by increasing the procedural hurdles associated with …