Securities Fraud Class Actions and Corporate Governance: New Evidence on the Role of Merit (2007)
Baum, Christopher F, Bohn, James G, Chakraborty, Atreya
We examine the relationship between outcomes of securities fraud class action lawsuits and board turnover rates. Our results indicate that the outcome of a class action is a good indicator of the...
Securities Fraud Class Actions and Corporate Governance: New Evidence on the Role of Merit
Christopher F. Baum, James G. Bohn, Atreya Chakraborty
We examine the relationship between outcomes of securities fraud class action lawsuits and board turnover rates. Our results indicate that the outcome of a class action is a good indicator of the...
The Moral Hazard of Insuring the Insurers
State guaranty funds are quasi-governmental agencies that provide insurance to policyholders against the risk of insurance company failure. But insurance provided by guaranty funds, like all...