This paper documents that changes in litigation risk affect corporate voluntary disclosure practices. We make causal … inferences by exploiting three legal events that generate exogenous variations in firms' litigation risk. Using a matching … forecasts relative to the control firms when they expect litigation risk to be lower (higher) following the legal event. The …

In the presence of litigation facing suppliers, the supply-chain relationship is at risk. Suppliers with principal … customers (dependent suppliers) have a higher concentration of sales to customers, and they are more at risk relative to …

tax litigation risk. D&O insurance covers litigation costs for tax-related cases. Thus, D&O insurance premiums provide an … independent and direct assessment of the risk in a firm's tax aggressiveness strategies, which mitigates some of the challenges in … studying tax risk. Based on pricing decisions, D&O insurers appear to view tax aggressiveness, as measured by industry- and …

find evidence that managers aim to reduce litigation risk by (1) bundling negative information, such as earnings …

. CEOs appear to be aware of the impact of their selling activities on litigation risk and, on average, reduce their …

This study explores whether managers' personal litigation risk impacts managerial empire building through the lens of … SG&A cost asymmetry after the exogenous decrease in managers' personal litigation risk. These associations are not driven … lower ex ante litigation risk. Our findings highlight the importance of shareholders' litigation rights in curbing …

breach. Parties appear to negotiate reps consistent with the risk allocation necessary in an agreement, utilizing reps to …. These results highlight the importance of reps in risk allocation, reducing information asymmetry and creating value, but …

Model, to identify the risk factors discussed in 10-Ks. We apply this algorithm to a US REIT sample between 2005 and 2019 to … assess whether the probability of appearance of the extracted risk factors helps to explain the perceived risk on the stock … market. We find that the majority of risk factors is significantly associated with volatility indicating that our machine …