# kaal:claim:2629451-038

**Claim.** The observed growth in N/DPA execution, especially since 2002, indicates that N/DPAs will continue to shape major U.S. corporations across a range of industries.

**Type.** predictive  **Support.** argued

**Holds when.**

- extrapolated from the 1993 to 2015 time series of 330 executed N/DPAs

**Source quote.**

> The trends observed suggest that N/DPAs will continue to play a role in major U.S. corporations in a variety of industries.

**From.** Wulf A. Kaal, Timothy Lacine, *Stock Price Response to Non- and Deferred Prosecution Agreements* (2015), III. Sample and Data Characteristics, page 6

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

**Verify.** sha256 of source PDF `507404d641abb922ab6d8e3a0b032e35ead2befd7b88746d09d178a8fa816957` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Lacine%20-%202015%20-%20Stock%20Price%20Response%20to%20Non-%20and%20Deferred%20Prosecution%20Agreements.pdf

**Topics.** governance-design, corporate-governance, compliance

**Keywords.** ndpa-growth, prediction, corporate-governance, doj-enforcement

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