The impact of shareholder litigation risk on income smoothing
(2023)
Journal Article
Li, Y., Song, W., Sun, T., & Zhang, Q. (2023). The impact of shareholder litigation risk on income smoothing. Review of Quantitative Finance and Accounting, 61(4), 1379-1413. https://doi.org/10.1007/s11156-023-01193-w
This paper investigates whether and how shareholder litigation influences income smoothing. Using the ruling of the Ninth Circuit Court of Appeals in 1999 as an exogenous shock to the threat of litigation, we find that the increasing difficulty of cl... Read More about The impact of shareholder litigation risk on income smoothing.