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What is Attracting The Sharks Corporate Innovation and Securities Class Action Lawsuits about?

This paper examines the impact of securities class action lawsuits on corporate innovation, revealing that valuable innovation output increases the likelihood of low-quality lawsuits against firms. The authors argue that successful innovators are particularly vulnerable to such litigation, which can deter patenting and reduce the value of innovation. Their findings challenge the traditional view that only failed innovations lead to litigation, suggesting that successful innovations can also attract lawsuits

Author

friend good

Language

EN