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Litigation Risk and IPO Underpricing
Lowry, Michelle - 2011
We examine the relation between litigation risk and IPO underpricing and test two aspects of the litigation …-risk hypothesis: (1) firms with higher litigation risk underprice their IPOs by a greater amount as a form of insurance (insurance … effect) and (2) higher underpricing lowers expected litigation costs (deterrence effect). To adjust for the endogeneity bias …
Persistent link: https://www.econbiz.de/10013119138
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Shareholder Litigation Risk and Stock Returns
Luo, Di - 2022
Shareholder litigation risk, measured using the staggered adoption of universal demand (UD) laws in 23 states from 1989 … laws are not passed. To explain the relation between litigation risk and returns, we show that the relation is more …
Persistent link: https://www.econbiz.de/10013298642
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Litigation risk and stock return anomaly
Duanmu, Jun; Huang, Qiping; Li, Yongjia; Sun, Lingna - In: Financial analysts journal : FAJ 78 (2022) 4, pp. 145-162
Persistent link: https://www.econbiz.de/10013417626
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The impact of shareholder litigation risk on income smoothing
Li, Yiwei; Song, Wei; Sun, Tingyu; Zhang, Qingjing - In: Review of quantitative finance and accounting 61 (2023) 4, pp. 1379-1413
Persistent link: https://www.econbiz.de/10014424371
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The impact on shareholder value of top defense counsel in mergers and acquisitions litigation
Krishnan, C. N. V.; Davidoff Solomon, Steven; Thomas, … - In: The journal of corporate finance : contracting, … 45 (2017), pp. 480-495
Persistent link: https://www.econbiz.de/10011760913
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Block premium and shareholder litigation
Chung, Jaiho; Hwang, Joon Ho; Kim, Joon-seok - In: Asia-Pacific journal of financial studies 43 (2014) 3, pp. 407-431
Persistent link: https://www.econbiz.de/10010408041
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Stock market signals and consequences of securities class actions lawsuits : a microstructure perspective
Figueiredo, Antonio; Hamid, Shahid S.; Holowczak, Richard - In: Review of quantitative finance and accounting 57 (2021) 2, pp. 629-655
Persistent link: https://www.econbiz.de/10012549969
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Corporate boards, monitoring and securities class actions : a pitch
Clout, Victoria J. - In: Accounting research journal 30 (2017) 3, pp. 242-248
Persistent link: https://www.econbiz.de/10011813884
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Expected Issuance Fees and Market Liquidity
Buis, Boyd - 2018
This paper studies the impact of expected issuance fees on market liquidity in the Euro-area government bond market. Investment banks have a dual role as primary dealer in the secondary market as well as competitor for lead manager in the primary market. Primary dealers have the incentive to...
Persistent link: https://www.econbiz.de/10012932643
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Trading fees and intermarket competition
Payaides, Marios; Rindi, Barbara; Werner, Ingrid M. - 2018
Regulators, exchanges, and politicians are considering reining in maker-taker pricing, which is used as a competitive tool by trading venues to acquire order flow. Examining the 2013 reduction in trading fees operated by BATS on its European venues, we document significant effects on market...
Persistent link: https://www.econbiz.de/10011963249