How Litigation Risk Affects Companies’ Liquidity
Reynolds Holding
MARCH 6, 2023
Gande and Lewis, 2009; Hadlock and Sonti, 2012) show that stock prices drop when a firm or its peers are sued. However, a less researched question is how firms respond to a perceived increase in litigation risk (or ex-ante litigation risk). billion) at the end of 2004 and then expanded to all Korean firms in January 2007.
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