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Corporate Governance
: PomTalkStudy Shows Benefits of Securities Class Actions
By Fei-Lu Qian
As the blog, The Investor Advocate noted that a new study of 650 securities class actions filed in the United States found that corporate defendants will reorganize management and improve productivity after such actions and can eventually ?lead to medium-to long-term outperformance.?
This new study by a finance professor and a PhD candidate of Maastricht University in the Netherlands is contrary to studies sponsored in recent years by the U.S. Chamber of Commerce, the New York Stock Exchange and the Bush Administration?s Treasury Department.
Full post as published by PomTalk on January 07, 2011 (boomark / email).
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