The findings rest on a small sample and limited data, so they should be treated as provisional pending replication on a larger set of publicly traded N/DPA firms.
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The findings of this study are based on a small sample size and limited data.
From
Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015), VI. Discussion, 3. Limitations and Future Research, p. 20 https://ssrn.com/abstract=2629451 · source PDF
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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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