A Cause for Alarm? The Long‐term Performance of Shareholder Class Action Defendants.

Using two decades of shareholder class action filings, we provide evidence of significant and consistent long‐run price underperformance in defendant firms. By partitioning our sample according to the merits of an action, we show that firms less likely to have been involved in earnings manipulation,...

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Bibliographic Details

Published in:	Abacus Vol. 56; no. 2; pp. 213 - 230
Main Authors:	Aspris, Angelo, McAlpin, Luke
Format:	Article
Published:	Wiley-Blackwell Jun2020
Subjects:	Class actions Stockholders Defendants Alarms Earnings management
Online Access:	View this record in EBSCOhost