Ferris, Stephen P.; Jandik, Tomas; Lawless, Robert M.; … - In: Journal of Financial and Quantitative Analysis 42 (2007) 01, pp. 143-165
Legal rights of investors are recognized as an essential component of corporate governance. We assess the efficacy of these rights by examining board changes surrounding the filings of shareholder derivative lawsuits. We find that the incidence of derivative lawsuits is higher for firms with a...
