Research
Misdeeds Matter: Long Term Stock Price Performance after Filing Class-Action Lawsuits
-
Date
04-08-2011
-
Publication
Published in Financial Analysts Journal
-
Expertise
Sustainable & Impact Investing, Shareholder engagement & corporate governance
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.
Publication
BauerBraun_Misdeed-Matter.pdf
