In our study, we examine the association between hedge fund activism and a target firm's corporate social responsibility (CSR) activities and whether activists can promote socially responsible investments while upholding shareholders' interests. Using different matched samples, we find a strong...

This paper examines the effects of a decrease in auditor litigation risk in a setting that isolates a change in auditor litigation risk from changes in auditor reputation. StoneRidge Investment Partners v. Scientific Atlanta is a 2008 U.S. Supreme Court ruling that restricted secondary actor...