# kaal:claim:2629451-039

**Claim.** Prior coding of all publicly available N/DPAs from 1993 to 2013 across more than 230 governance categories shows that N/DPAs have a substantial effect on corporate governance.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- N=271 agreements, 1993 to 2013

**Source quote.**

> In the largest study to date, Kaal and Lacine (2014), using a hand-selected dataset comprising all publicly available N/DPAs from 1993-2013 (N=271) in over 230 governance categories, show a substantial effect of N/DPAs on corporate governance.

**From.** Wulf A. Kaal, Timothy Lacine, *Stock Price Response to Non- and Deferred Prosecution Agreements* (2015), I. Introduction, page 3

**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

**Keywords.** corporate-governance, ndpa, prior-research, hand-collected-data

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2486570-011

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.