Hui, Kai Wai; Oh, Jun; She, Guoman; Yeung, P. Eric - 2023
This study examines contingencies written in firms’ material product market contracts, focusing on i) exogenous … contracts from firms’ public regulatory filings and utilize two major economic shocks (the 2008 financial crisis and the COVID … models, we document a linear, positive effect of uncertainty on contract contingencies. Contingent contracts allow firms to …