Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits
Jonathan Brogaard, Nhan Le, Duc Duy Nguyen, and Vathunyoo Sila Using three exogenous shocks to ex ante litigation risk, including federal judge... Learn More
Generalized Disappointment Aversion and the Variance Term Structure
Mykola Babiak Contrary to leading asset pricing theories, recent empirical evidence indicates that financial markets compensate only short-term equity variance risk. An... Learn More