Accountability and Competition in Securities Class Actions: Why 'Exit' Works Better than 'Voice'
نویسندگان
چکیده
منابع مشابه
SEC Investigations and Securities Class Actions: An Empirical Comparison
We compare investigations by the SEC with securities fraud class action filings involving public companies. Using actions with both an SEC investigation and a class action as our baseline, we compare SEC‐only investigations with class action‐only lawsuits. We find evidence that the stock market reacts more negatively to the class actions relative to SEC investigations. We also find that institu...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1113845