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 "identifier": "kaal:claim:2629451-028",
 "text": "The negative market reaction at the end of the N/DPA term is the market acknowledging that suboptimal governance practices are likely to resume once the term expires.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "citation": "Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Stock Price Response to Non- and Deferred Prosecution Agreements",
  "datePublished": "2015",
  "url": "https://ssrn.com/abstract=2629451",
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 },
 "keywords": [
  "governance-design"
 ],
 "about": [
  "governance-backsliding",
  "endpat",
  "investor-reaction",
  "firm-value"
 ],
 "abstract": "In turn, we interpret the negative market reaction at ENDPAT in Figures 4 and 4a as the market's acknowledgment that post N/DPA term expiration suboptimal governance practices are likely to continue",
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