Trade credit serves as a vital source of external financing, especially during challenging
times, by redistributing credit from financially stronger firms to weaker ones. However, the …

Using the phased adoption of the Securities Class Action (SCA) Act in South Korea as a
quasi-exogenous event escalating ex ante litigation risks for Korean firms, we explore the …

This paper investigates how transparency in lawsuit information affects capital allocation
and aggregate industrial production. Greater transparency provides more information about …

Using transcripts from quarterly earnings conference calls, this study assesses how litigation
risk affects future stock returns. The findings reveal that firms with higher litigation risk tend to …