Litigation Risk and Voluntary Disclosure: Evidence from Legal Changes

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-based fixed-effect difference-in-differences design, we...

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Veröffentlicht in:	The Accounting review 2019-09, Vol.94 (5), p.247-272
Hauptverfasser:	Houston, Joel F., Lin, Chen, Liu, Sibo, Wei, Lai
Format:	Artikel
Sprache:	eng
Schlagworte:	Change agents Companies Disclosure Earnings Earnings forecasting Litigation News Risk assessment Risk factors
Online-Zugang:	Volltext
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