Investment treaties are some of the most controversial but least understood instruments of
global economic governance. Public interest in international investment arbitration is …

We examine the effects of political uncertainty on cross-border capital flows using election
timing as a source of fluctuations in political uncertainty. FDI flows from US companies to …

The accelerating pace of global capital market integration has provided new opportunities
for firms to raise capital abroad through global debt issues, cross-listings, and initial public …

Purpose The purpose of this paper is to review research on litigation in corporate finance.
Design/methodology/approach This paper surveys studies on the estimation of litigation risk …

We provide the first simulation evidence of event-study test performance in multi-country non-
US samples. The nonparametric rank and generalized sign tests are more powerful than two …

The claim that the United States is experiencing a litigation explosion has long been a fixture
of American discourse.'Using careful empirical analysis, legal scholars and social scientists …

We study the effects of investor protection on stock returns and portfolio allocation decisions.
In our theoretical model, if investor protection is weak, wealthy investors have an incentive to …

Without the confidence that patent rights can be enforced quickly and efficiently, when
needed, the patent system will not stimulate innovation. For this reason, governments …

Prior studies find that audit fees are higher for cross‐listed firms, and these studies primarily
attribute the incremental fees to added litigation costs. In this study, we investigate whether …

We examine the effects of corporate lawsuits in China and find that litigation announcements
depress the stock prices of both defendant and plaintiff firms. Financially distressed …