PRUITT, STEPHEN W.; NETHERCUTT, LEONARD L. - In: Journal of Labor Research 23 (2002) 4, pp. 685-693
We analyze the wealth effects of the Texaco racial discrimination lawsuit both on the shareholders of Texaco and its major U.S. competitors. Employing a comprehensive data set which included every case docket entry and every Wall Street Journal article on the case as an experimental stimulus,...