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

R.M.M.J. Bauer; R. Braun

doi:10.2469/faj.v66.n6.6

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

R.M.M.J. Bauer^*
, R. Braun

^*Corresponding author for this work

Finance

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

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 decision-making strategies.

Original language	English
Pages (from-to)	74-92
Number of pages	19
Journal	Financial Analysts Journal
Volume	66
Issue number	6
DOIs	https://doi.org/10.2469/faj.v66.n6.6
Publication status	Published - 1 Jan 2010

Keywords

MUTUAL FUND PERFORMANCE
CORPORATE GOVERNANCE
PUBLIC OFFERINGS
COMPENSATION
LITIGATION
RETURNS
FRAUD

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title = "Misdeeds Matter: Long-Term Stock Price Performance after the Filing of Class-Action Lawsuits",

abstract = "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 decision-making strategies.",

keywords = "MUTUAL FUND PERFORMANCE, CORPORATE GOVERNANCE, PUBLIC OFFERINGS, COMPENSATION, LITIGATION, RETURNS, FRAUD",

author = "R.M.M.J. Bauer and R. Braun",

year = "2010",

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AU - Braun, R.

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N2 - 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 decision-making strategies.

AB - 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 decision-making strategies.

KW - MUTUAL FUND PERFORMANCE

KW - CORPORATE GOVERNANCE

KW - PUBLIC OFFERINGS

KW - COMPENSATION

KW - LITIGATION

KW - RETURNS

KW - FRAUD

U2 - 10.2469/faj.v66.n6.6

DO - 10.2469/faj.v66.n6.6

M3 - Article

SN - 0015-198X

VL - 66

SP - 74

EP - 92

JO - Financial Analysts Journal

JF - Financial Analysts Journal

IS - 6

ER -

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

Abstract

Keywords

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