Misdeeds Matter: Long Term Stock Price Performance after Filing Class-Action Lawsuits

Financial Analysts Journal

04-08-11 |

Consistent with theory, this study of shareholder litigation found a broad transformation in company characteristics and risk exposures and generally negative short- and long-term performance effects that differed substantially between two types of allegations. The findings have important implications for both regulator and institutional investor monitoring and decisionmaking strategies.


ECCE Newsletter

Maastricht University