Discussion of 'Shareholder Litigation and Changes in Disclosure Behavior'

Journal of Accounting and Economics, Forthcoming

9 Pages Posted: 11 Nov 2008

Date Written: October 11, 2008

Abstract

Rogers and VanBuskirk [2008. Shareholder litigation and changes in disclosure behavior. Journal of Accounting and Economics.] examine changes in sued firms' disclosure policies between the pre-lawsuit and post-lawsuit periods. They find that these firms decrease the magnitude and precision of disclosures following the lawsuits. The authors conclude that managers of sued firms perceive disclosure to contribute to (rather than decrease) the probability of being sued. While the evidence showing that the magnitude and precision of disclosure decreases post-lawsuit appears to be robust, I raise some questions about what we learn from this finding.

Suggested Citation

Lowry, Michelle B., Discussion of 'Shareholder Litigation and Changes in Disclosure Behavior' (October 11, 2008). Journal of Accounting and Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=1299610

Michelle B. Lowry (Contact Author)

Drexel University ( email )

Philadelphia, PA 19104
United States
215-895-6070 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
87
Abstract Views
1,554
rank
286,545
PlumX Metrics