Business, Management and Accounting
3 years ago

Lower shareholder litigation risk reduces public firms' delisting, vital for stock market vibrancy.

SSRN Electronic Journal
Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence From Securities Class Action Lawsuits
Jonathan Brogaard, Nhan Le, Duc Duy Nguyen, Vathunyoo Sila

Paper Summary

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Lower shareholder lawsuit risk makes it less likely for companies to leave the U.S. stock market. This is because the costs of lawsuits can be high, and private companies face less risk. To keep the stock market strong, it's important to reduce these costs for public companies.