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 "identifier": "kaal:entity:cross-sectional-variation",
 "name": "Cross sectional variation",
 "termCode": "cross-sectional-variation",
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 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2629451-003",
   "identifier": "kaal:claim:2629451-003",
   "text": "Investor response to N/DPAs is not uniform: it varies with the firm's industry, the severity of the financial fine, and the extent of the governance improvements the N/DPA mandates.",
   "abstract": "We also find that investor's response differs depending on the industry and severity of financial fines and N/DPA mandated governance improvements.",
   "citation": "Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451",
   "datePublished": "2015",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "ten industry sub-clusters in the sample",
    "partitions relative to median fines and median governance intensity"
   ],
   "source_pdf_sha256": "507404d641abb922ab6d8e3a0b032e35ead2befd7b88746d09d178a8fa816957",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2629451-032",
   "identifier": "kaal:claim:2629451-032",
   "text": "Market reaction to N/DPAs is industry specific, supporting the hypothesis that investors in some industries are more sensitive to N/DPA effects than investors in others.",
   "abstract": "We find industry-specific effects that support Hypothesis 4.",
   "citation": "Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451",
   "datePublished": "2015",
   "claim_type": "empirical",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [
    "ten industry sub-clusters identified via Morningstar categories and Russell 1000 industry indices"
   ],
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 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'cross-sectional-variation'. Derived node: a roster, not an adjudicated definition."
}