# Governance durability `kaal:entity:governance-durability` **Status.** derived This node is assembled mechanically from the 2 claims that carry the concept tag `governance-durability`. 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** - [2629451-006](https://wulfkaal.github.io/claims/2629451-006) [empirical/evidenced] -- Investors treat the expiration of an N/DPA term as a negative event for the firm. > Inversely, our results suggest that investors see the expiry of applicable N/DPA terms as a negative event. Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451 - [2629451-024](https://wulfkaal.github.io/claims/2629451-024) [mechanism/argued] -- Negative returns after the end of the N/DPA term are evidence that investors regard the expiration of the term, and the consequent unenforceability of the associated governance improvements, as bad news for the firm. > We interpret the negative N/DPA firms' CARs from t=1 to t=15 in Figures 4 and 4a as evidence that investors see the expiration of the N/DPA term and the expiration and following unenforceability of associated governance improvements as a negative event for the respective entity. 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/governance-durability.md | sha256sum **Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.