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This paper examines whether legal liability coverage, as measured by excess directors' and officers' (Damp;O) liability … number of bad news forecasts decreases for large cross-listed sample firms having high litigation risk. The results are … consistent with the litigation cost argument for the disclosure of bad news. I also find that higher excess liability coverage …
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The primary aim of this contribution is to reflect on the principles underpinning the disclosure of evidence under the Directive 2014/104/EU (hereinafter: the Directive), namely, the principles of proportionality, effectiveness, equivalence and consistency. Its secondary aim is to review the...
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Consider a three-tier industry with a monopolist supplying an essential input to a manufacturer, which in turn sells its product to final consumers through two differentiated retailers. Throughout the supply chain, contracts are linear and secret. In this setting, upon receiving an...
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