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Drawing on the political theory of judicial decision making, our paper proposes a new and parsimonious ex ante … litigation risk measure: federal judge ideology. We find that judge ideology complements existing measures of litigation risk … judge ideology on litigation risk is greater for firms with more sophisticated shareholders and with higher expected …
Persistent link: https://www.econbiz.de/10012899443
Drawing on the political theory of judicial decision making, our paper proposes a new and parsimonious ex ante … litigation risk measure: federal judge ideology. We find that judge ideology complements existing measures of litigation risk … judge ideology on litigation risk is greater for firms with more sophisticated shareholders and with higher expected …
Persistent link: https://www.econbiz.de/10013405200
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Legal challenges and transitions of political power cause the future of regulatory policies to be uncertain. In this article, I investigate how uncertainty about environmental policy affects investment and emissions at coal-fired power plants. I exploit a legal challenge to the Clean Air...
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