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Vol 23 No 5 May/June 2018

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Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

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The Uncertainty of Legal Rights

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Steven Scott StephensUniversity of South Florida, USA

ISBN13: 9780815337645
ISBN: 0815337647
Published: July 2003
Publisher: Taylor & Francis Group
Format: Hardback
Price: Out of print

This study finds evidence that the outcomes of litigation are not predictable, and must therefore be influenced by factors other than facts, law and logic. It is the first study to document the existence of financially meaningful uncertainty in litigation. It employs the event study methodology used in the econometrics of financial markets to determine whether events reveal new information and how markets react to companies involved in lawsuits.

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