kaal:claim:2629451-022

From the first day of the N/DPA term through day twenty five, the period in which mandated governance improvements are in force, the market prices the N/DPA as a positive event for the firm.

Source quote, verbatim

BNDPAT t=0 and from t=0 to t=25, when N/DPA governance improvements are in effect, Figures 3 and 3a show that the market assesses such N/DPAs as a positive event for the respective entity.

From

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015), IV. Univariate Analyses, p. 11
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

window t=0 to t=25 after BNDPAT
period during which N/DPA governance improvements are in effect

Classification

empiricalsupport: evidencedgovernance-designresearch-methods

Verify

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Attestation record: colloquium/attestations/e1ba6ecafa59a6f0...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2629451-022.md | sha256sum