Effect of litigation risk on management forecasts

I examine the link between changes in the disclosure behavior of firms and changes in ex ante litigation risk as proxied by changes in the firms' director and officer insurance premiums. I find evidence that there is a negative link between the voluntary disclosure of bad news and ex ante litigation risk. I find no evidence of a statistically significant link between the voluntary disclosure of good news and ex ante litigation risk.

Department dc:contributor.department

Sloan School of Management.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2018

Author dc:creator

• Powley, William A

Advisor dc:contributor.advisor

• Joseph Weber.

• Sloan School of Management.

Statement dc:rights

• MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/1721.1/117993

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/117993