kaal:claim:2629451-014

The DOJ announcement is the only ascertainable point at which the market can assess the impact of the governance changes an N/DPA mandates, because the announcement typically accompanies release of the agreement document itself.

Source quote, verbatim

Hence, the ANDPAE is the only ascertainable way for the market to assess the impact of the governance changes mandated in the NDPA.

From

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015), IV. Univariate Analyses, p. 8
https://ssrn.com/abstract=2629451 · source PDF

Cite as

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451

Holds when

judicial approval may follow later without adding public information

Classification

conditionsupport: argueddisclosuregovernance-designeconomics

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Attestation record: colloquium/attestations/3f681c764efd6dc3...json
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