Using 321 circuit court rulings, we construct a measure that captures the within-country variation in courts’ attitudes toward securities law violations. Case-level analyses confirm that district courts heed home-circuit precedents and are more likely to dismiss pending cases when their home...

We study the empirical relation between audit fees and governance mechanisms in Germany. Using data from German listed companies, we examine the German governance setting with its two-tier board system. Various model specifications control for potential endogeneity of the governance variables....