I develop a corporate governance framework, provide a broad overview of recent corporate
governance research, and place each of the Special Issue papers within the context of this …

Using the staggered adoption of universal demand (UD) laws in the United States, we study
the effect of shareholder litigation risk on corporate disclosure. We find that disclosure …

Historically, bubbles are followed by crashes, which in turn are followed by punitive
legislation. The 1999–2003 era is fully consistent with this pattern….(Coffee, 2003a, p. 46) …

We investigate whether and to what extent shareholder litigation shapes corporate
innovation by examining the staggered adoption of universal demand laws in 23 states from …

We examine which independent directors are held accountable when investors sue firms for
financial and disclosure-related fraud. Investors can name independent directors as …

This paper documents significantly negative stock price reactions to shareholder-initiated
class action lawsuits. We find that shareholders partially anticipate these lawsuits based on …

We examine changes in the disclosure behavior of firms involved in 827 disclosure-related
class-action securities litigation cases filed between 1996 and 2005. We find no evidence …

We provide a systematic assessment of the empirical evidence on the use and effectiveness
of top executive dismissal as a governance and performance improvement mechanism. Our …

This paper investigates the effectiveness of using securities class action lawsuits in
monitoring defendant firms by institutional lead plaintiffs from two aspects:(1) immediate …

This research examines the relation between shareholder litigation and corporate social
responsibility (CSR). Exploiting exogenous changes in shareholder litigation rights following …