Measuring Securities Litigation Risk

By Irene Y. Kim, Douglas J. Skinner. 2012

703 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/8789c88bd591f9b4c86244b1580f03e460d16940

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Citations in the corpus

Readability of 10‐K Reports and Stock Price Crash Risk (2019, positive): “Following Kim and Skinner (2012), we estimate the ex ante litigation risk for a firm in fiscal year t as follows: LITIGATIONt −7.88 0.”
The Bright Side of Managerial Over-Optimism (2016, background): “In a series of untabulated analyses, we find that our conclusions in Section 4.1 and 4.2 are not affected if we control for litigation risk and internal control weaknesses that are potentially related to forecast bias (Feng et al., 2009; Kim and Skinner, 2012).”
Audit Committee Financial Expertise and Earnings Management: The Role of Status (2014, background): “major incentives for managers to misreport financial results, including debt and equity offerings, size, growth prospects and leverage (see Dechow et al., 2011; Kim and Skinner, 2012), as well as”
The Impact of Audit Committee Financial Expertise on Management Discussion and Analysis (MD&A) Tone (2019, methodology): “22Following Kim and Skinner (2012), we estimate the litigation probability by running a logistics regression model as follows: Pr(Lawsuitt) = β0 + β1FPSt + β2LogAssetst−1 + β3SalesGrowtht−1 + β4MktReturnt + β5RetSkewnesst + β6RetSTDt + β7Turnovert + ε, where the dependent variable Lawsuit is set to ”
Do women managers keep firms out of trouble? Evidence from corporate litigation and policies (2019, background): “Consistent with the idea that a large stock price decline is the core trigger for securities lawsuits, the coefficient of prior stock returns is significantly negative in regressions of securities lawsuits, as previously found in Kim and Skinner (2012). While this coefficient is also negative in reg”
Directors׳ and officers׳ liability insurance and the cost of equity☆ (2016, methodology): “It is possible that riskier firms are more likely to have future lawsuits (Kim and Skinner, 2012) and thus are more likely to purchase D&O insurance in the current period.”
Evidence on Contagion in Earnings Management (2015, neutral): “As a point of comparison, Kim and Skinner (2012) report AUC statistics ranging from 0.547 to 0.842 related to their models of detecting litigation risk.”
Tournament Incentives and Corporate Fraud (2015, background): “15 We also include several other control variables related to the likelihood of fraud and litigation risk (as summarized by Kim and Skinner, 2012).”