URSEL, NANCY D.; ARMSTRONG-STASSEN, MARJORIE - In: Journal of Labor Research 27 (2006) 1, pp. 89-99
We analyze the impact on stock prices, and thus on stockholders, of 84 newspaper announcements regarding corporate age discrimination lawsuits. We find that, on average, initial announcements cause a 2 percent decline in stock price, a $40 million average loss in total stock value for the large...