Five years ago, two landmark federal court valuation decisions, Campbell and Iridium, held that market evidence — rather than the testimony of paid litigation experts — should be relied on to value corporations for purposes of litigation. While a number of decisions have followed Campbell...

Although prior research has recently begun to examine the effects of independent director reputation incentives and the benefits of having a lead independent director, no study has considered the combined impact: the reputation incentives of lead independent directors. This study integrates...

Although prior research has recently begun to examine the effects of independent director reputation incentives and the benefits of having a lead independent director, no study has considered the combined impact: the reputation incentives of lead independent directors. This study integrates...

The current “piecemeal” approach to the reform of Canadian insolvency law came about because of the inability, over three decades ago, to get a comprehensive insolvency bill through Parliament. After several attempts to do so, a less ambitious approach was adopted that would focus on a...

This study examines whether the uncertainty arising from a firm's exposure to future environmental costs (environmental uncertainty) affects the market's price sensitivity to reported earnings. Specifically, when environmental uncertainty is significantly high, are investors more responsive to...