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We examine the effect of investor attention on value loss due to securities class action lawsuits and fraud discovery. We find that investor attention is positively associated with damage to corporate reputation and the magnitude of value losses suffered by the defendant firm. The reputational...
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assumptions underlying stock price theory in specific cases. This paper examines the role of stock prices in two types of …
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assumptions underlying stock price theory in specific cases. This paper examines the role of stock prices in two types of …
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