Background: Once a global financial crisis breaks out, the interdependence between different financial markets suddenly increases and leads to a significant contagion. Methods: With 39 countries used as samples, this paper analyzes the interdependence between the stock market and the government...

This study examines the relationship between litigation risk and stock price crash risk. Using a sample of Chinese A-share listed firms and a comprehensive range of lawsuits filed against their firms covering 2000 to 2020, we find that litigation risk is positively related to stock price crash...