Frivolous or Meritorious Lawsuits? Judicial Efficiency and Corporate Disclosure
讲座内容简介: We study how judicial efficiency affects the composition of shareholder litigation lawsuits and its impact on corporate disclosure. Exploiting the staggered adoption of the Case Management/Electronic Case Files (CM) system across U.S. federal district courts, we find that improved judicial efficiency significantly reduces firms’ exposure to frivolous lawsuits while increasing the i...
2025-09-30