We investigate the effect of shareholder litigation risk on corporate culture. We measure corporate culture by a novel machine learning metric following Li et al. (2021). Exploiting exogenous declines in shareholder litigation rights and derivative lawsuit risk following the staggered adoption...

This paper examines managers’ use of a private disclosure channel to provide early earnings warnings and therefore reduce bad news shocks around public announcements. I ask whether firms are more likely to provide private earnings warnings to analysts when expected shareholder litigation risk...

The need for statutory derivative action and its current problems -- An empirical study of the statutory derivative action in Australia -- Rethinking the "good faith" requirement in statutory derivative action -- The "best interests of the company" requirement in statutory derivative action --...