Matches in SemOpenAlex for { <https://semopenalex.org/work/W3119515511> ?p ?o ?g. }
- W3119515511 abstract "We examine the effect of managers’ personal litigation risk on corporate investment efficiency. Exploiting the staggered adoption of universal demand (UD) laws in the United States, we find that the exogenous reduction in litigation risk induced by UD laws leads to lower investment efficiency. Our results are robust to the use of subcomponents of total investment, alternative partitioning variables, and variations in sample composition. We also find that the decrease in investment sensitivity and excessive risk-taking are channels through which the reduced litigation rights lead to less efficient investments. Our results support the notion that weakened shareholder litigation rights lead to more severe agency conflicts and thus less efficient investment decisions. Our study contributes to our understanding of the economic consequences of a variation in managers’ personal litigation risk and the determinants of corporate investment efficiency." @default.
- W3119515511 created "2021-01-18" @default.
- W3119515511 creator A5024990597 @default.
- W3119515511 creator A5072346311 @default.
- W3119515511 creator A5073120799 @default.
- W3119515511 date "2018-01-01" @default.
- W3119515511 modified "2023-09-24" @default.
- W3119515511 title "Managerial Litigation Risk and Corporate Investment Efficiency: Evidence from Derivative Lawsuits" @default.
- W3119515511 cites W135782739 @default.
- W3119515511 cites W1509119308 @default.
- W3119515511 cites W1531341052 @default.
- W3119515511 cites W1677595927 @default.
- W3119515511 cites W1757442993 @default.
- W3119515511 cites W1975034824 @default.
- W3119515511 cites W1978282661 @default.
- W3119515511 cites W1991595298 @default.
- W3119515511 cites W2000578291 @default.
- W3119515511 cites W2016808053 @default.
- W3119515511 cites W2035369404 @default.
- W3119515511 cites W2070631858 @default.
- W3119515511 cites W2103508725 @default.
- W3119515511 cites W2142831770 @default.
- W3119515511 cites W2151428644 @default.
- W3119515511 cites W2162225546 @default.
- W3119515511 cites W2163656434 @default.
- W3119515511 cites W2165103361 @default.
- W3119515511 cites W2219328752 @default.
- W3119515511 cites W2503010508 @default.
- W3119515511 cites W2739309133 @default.
- W3119515511 cites W3121693921 @default.
- W3119515511 cites W3122687879 @default.
- W3119515511 cites W3123304433 @default.
- W3119515511 cites W3123871796 @default.
- W3119515511 cites W3123992882 @default.
- W3119515511 cites W3124047017 @default.
- W3119515511 cites W3124114405 @default.
- W3119515511 cites W3124596050 @default.
- W3119515511 cites W3125036249 @default.
- W3119515511 cites W3125359220 @default.
- W3119515511 cites W3125620548 @default.
- W3119515511 cites W3125686936 @default.
- W3119515511 cites W3125688476 @default.
- W3119515511 cites W3125696842 @default.
- W3119515511 cites W418110828 @default.
- W3119515511 cites W4211116874 @default.
- W3119515511 cites W4212766175 @default.
- W3119515511 cites W4231005969 @default.
- W3119515511 cites W4232679633 @default.
- W3119515511 cites W4234529957 @default.
- W3119515511 cites W4236125953 @default.
- W3119515511 cites W4238116774 @default.
- W3119515511 cites W4239724582 @default.
- W3119515511 cites W4244486697 @default.
- W3119515511 cites W4245163112 @default.
- W3119515511 cites W4245477468 @default.
- W3119515511 cites W4247687900 @default.
- W3119515511 cites W4254557535 @default.
- W3119515511 cites W4255234757 @default.
- W3119515511 doi "https://doi.org/10.2139/ssrn.3147435" @default.
- W3119515511 hasPublicationYear "2018" @default.
- W3119515511 type Work @default.
- W3119515511 sameAs 3119515511 @default.
- W3119515511 citedByCount "4" @default.
- W3119515511 countsByYear W31195155112020 @default.
- W3119515511 countsByYear W31195155112021 @default.
- W3119515511 crossrefType "journal-article" @default.
- W3119515511 hasAuthorship W3119515511A5024990597 @default.
- W3119515511 hasAuthorship W3119515511A5072346311 @default.
- W3119515511 hasAuthorship W3119515511A5073120799 @default.
- W3119515511 hasConcept C10138342 @default.
- W3119515511 hasConcept C106159729 @default.
- W3119515511 hasConcept C111771559 @default.
- W3119515511 hasConcept C121955636 @default.
- W3119515511 hasConcept C144133560 @default.
- W3119515511 hasConcept C154307955 @default.
- W3119515511 hasConcept C162118730 @default.
- W3119515511 hasConcept C162324750 @default.
- W3119515511 hasConcept C17744445 @default.
- W3119515511 hasConcept C199521495 @default.
- W3119515511 hasConcept C199539241 @default.
- W3119515511 hasConcept C27548731 @default.
- W3119515511 hasConcept C556758197 @default.
- W3119515511 hasConcept C94625758 @default.
- W3119515511 hasConceptScore W3119515511C10138342 @default.
- W3119515511 hasConceptScore W3119515511C106159729 @default.
- W3119515511 hasConceptScore W3119515511C111771559 @default.
- W3119515511 hasConceptScore W3119515511C121955636 @default.
- W3119515511 hasConceptScore W3119515511C144133560 @default.
- W3119515511 hasConceptScore W3119515511C154307955 @default.
- W3119515511 hasConceptScore W3119515511C162118730 @default.
- W3119515511 hasConceptScore W3119515511C162324750 @default.
- W3119515511 hasConceptScore W3119515511C17744445 @default.
- W3119515511 hasConceptScore W3119515511C199521495 @default.
- W3119515511 hasConceptScore W3119515511C199539241 @default.
- W3119515511 hasConceptScore W3119515511C27548731 @default.
- W3119515511 hasConceptScore W3119515511C556758197 @default.
- W3119515511 hasConceptScore W3119515511C94625758 @default.
- W3119515511 hasLocation W31195155111 @default.
- W3119515511 hasOpenAccess W3119515511 @default.
- W3119515511 hasPrimaryLocation W31195155111 @default.