Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10001194815
Persistent link: https://www.econbiz.de/10003315005
This paper documents that changes in litigation risk affect corporate voluntary disclosure practices. We make causal inferences by exploiting three legal events that generate exogenous variations in firms' litigation risk. Using a matching-based, fixed-effect difference-indifferences design, we...
Persistent link: https://www.econbiz.de/10012937008
Persistent link: https://www.econbiz.de/10012121937
This paper examines the evolution of risk in the U.S. financial sector using firm-level equity market data from 1975 to 2005. Over this period, financial sector volatility has steadily increased, reaching extraordinary levels from 1998 to 2002. Much of this recent turbulence can be attributed to...
Persistent link: https://www.econbiz.de/10005726652
Persistent link: https://www.econbiz.de/10003069192