Corporate Governance and Shareholder Litigation
25 Pages Posted: 2 Dec 2008
Date Written: December 1, 2008
Abstract
The probability for shareholder litigation is studied and how corporate governance characteristics and other factors explain it. Shareholder litigation results from failure of corporate governance. Thus a better quality of corporate governance is hypothesized to decrease the litigation probability. Corporate governance index is constructed based on principal components. It is found to be a significant predictor of shareholder litigation.
Keywords: shareholder litigation, corporate governance, principal components, panel logit model
Suggested Citation: Suggested Citation
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