# Cross sectional variation

`kaal:entity:cross-sectional-variation`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `cross-sectional-variation`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 1 works, 2015 to 2015.

**2015**

- [2629451-003](https://wulfkaal.github.io/claims/2629451-003) [empirical/evidenced] -- 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.
  > We also find that investor's response differs depending on the industry and severity of financial fines and N/DPA mandated governance improvements.
  Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451
- [2629451-032](https://wulfkaal.github.io/claims/2629451-032) [empirical/asserted] -- 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.
  > We find industry-specific effects that support Hypothesis 4.
  Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/cross-sectional-variation.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.