Shareholder litigation and bank risk
(2022)
Journal Article
Degl'Innocentia, M., Fiordelisi, F., Song, W., & Zhou, S. (2023). Shareholder litigation and bank risk. Journal of Banking and Finance, 146, Article 106707. https://doi.org/10.1016/j.jbankfin.2022.106707
Does a decrease in shareholder litigation enhance managers’ monitoring efforts by ensuring adequate firm risk management? We explore how state universal demand (UD) laws (which limit shareholder litigation as a mechanism to discipline managers), affe... Read More about Shareholder litigation and bank risk.