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 "identifier": "kaal:claim:2629451-002",
 "text": "The market does not price the three defining N/DPA events in isolation; it treats the announcement, the start of the term, and the end of the term as sequential and conditional events.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451",
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  "@type": "ScholarlyArticle",
  "name": "Stock Price Response to Non- and Deferred Prosecution Agreements",
  "datePublished": "2015",
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 },
 "keywords": [
  "research-methods",
  "economics"
 ],
 "about": [
  "ndpa",
  "event-study",
  "market-interpretation",
  "sequential-events"
 ],
 "abstract": "Our tests indicate that the market interprets the three events not in isolation but as sequential and conditional events.",
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   "value": [
    "sample of 94 publicly traded N/DPA firms, 1993 to 2015"
   ]
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