Spillover Effects from US Class Action Lawsuits: Evidence from Foreign Firms Cross-Listed in the US

2014 ◽  
Author(s):  
Yi Ding ◽  
Louis Gagnon ◽  
Xiaoqiao Wang
Keyword(s):  
Spillover Effects ◽  
Class Action ◽  
Foreign Firms ◽  
The Us ◽  
Class Action Lawsuits

U.S. class action lawsuits targeting foreign firms: The country spillover effect

2017 ◽  
Vol 45 ◽  
pp. 378-400 ◽  
Author(s):  
Xuxing Huang ◽  
Yixuan Rui ◽  
Jianfeng Shen ◽  
Gloria Y. Tian
Keyword(s):  
Spillover Effect ◽  
Class Action ◽  
Foreign Firms ◽  
Class Action Lawsuits

THE SPILLOVER EFFECTS OF THE RE-IMPOSED UNITED STATES SANCTIONS ON IRAN ON MENA, THE PRC, RUSSIA, AND TURKEY

2020 ◽  
Vol 20 (01) ◽  
pp. 2050003
Author(s):  
JOSEPH PELZMAN
Keyword(s):  
United States ◽  
Security Council ◽  
Spillover Effects ◽  
The United States ◽  
Foreign Firms ◽  
Nuclear Program ◽  
Mena Countries ◽  
The Us ◽  
Un Security Council ◽  
The Eu

Iran has faced US sanctions in one form or another since its invasion of the US Embassy in Iran in 1979. The 2007-08 period marked the initiation of heightened international sanctions on Iran imposed by the UN Security Council in reaction to Iran’s nuclear program. These sanctions were tightened in 2010, when the UN Security Council, the US Congress, and the European Union all implemented separate sets of sanctions targeting either the Iranian nuclear program or the energy and banking sectors. Under the Obama Administration the Joint Plan of Action (JPOA) was signed in late 2013 and within months the United States and the EU took steps to waive specific sanctions. In 2015 the Joint Comprehensive Plan of Action (JCPOA) was signed, which lifted nuclear-related sanctions by the UN, EU and US. The Trump Administration on May 8, 2018 announced the US withdrawal from the JCPOA and directed federal agencies to begin to take steps to re-impose the sanctions established under U.S. law that were lifted or waived in order for the United States to meet its commitments in the JCPOA. On November 5, 2018, all pre-JCPOA - U.S. sanctions on foreign firms that conduct transactions in all of Iran’s core economic sectors, including energy, banking, shipping, and manufacturing, went back into effect. These include sanctions on “petroleum-related transactions” and transactions by foreign banks with Iran’s Central Bank. In addition,700 Iranian and third country entities have again been designated by the United States as sanctioned entities, meaning that foreign firms that transact business with these entities could face virtual exclusion from the U.S. economy. With the re-imposition of sanctions on Iran, in 2018, the US finds itself as a lone player in a world where the EU, the PRC, Russia and a group of MENA countries have no intentions to comply with these re-imposed sanctions. The purpose of this paper, consequently, is to assess the spillover effects which can be expected to result from the US re-imposition of Iran sanctions on relevant MENA countries, the PRC, Russia and Turkey.

Class Action Spillover Effects on Joint Venture Partners

2018 ◽  
Author(s):  
Eliezer M. Fich ◽  
Rachel Gordon ◽  
Adam S. Yore
Keyword(s):  
Joint Venture ◽  
Spillover Effects ◽  
Class Action

scholarly journals Dynamic Spillover Effects between the US Stock Volatility and China’s Stock Market Crash Risk: A TVP-VAR Approach

2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Ping Zhang ◽  
Jieying Gao ◽  
Yanbin Zhang ◽  
Te-Wei Wang
Keyword(s):  
Stock Market ◽  
Spillover Effects ◽  
Crash Risk ◽  
Short Term ◽  
Stock Volatility ◽  
Gradual Improvement ◽  
Stock Market Crash ◽  
Capital Outflow ◽  
Flight To Quality ◽  
The Us

Due to the increasing linkage of China and the US stock markets today, we constructed a TVP-VAR model to study the dynamic spillover effects between the US stock volatility and China’s stock market crash risk. We found dynamic spillover effects are constantly strengthening between US stock volatility and China’s stock market crash risk: when the US stock volatility increases, China’s stock market crash risk increases. In addition, the gradual improvement of financial market openness in China, the short-term capital outflow from China, and the depreciation of the RMB exchange rate will increase China’s stock market crash risk. And, the impacts of short-term capital outflow from China are more significant. Further, the increase in China’s stock market crash risk will lead to the decline of the US stock volatility, which may be due to the flight to quality.

scholarly journals Die Us-Amerikanische Class Action: Struktur und Rechtsökonomischer Hintergrund

2011 ◽  
Vol 11 (2) ◽  
pp. 79-92
Author(s):  
Marina Tamm
Keyword(s):  
Capital Market ◽  
Legal Regulation ◽  
Class Action ◽  
False Information ◽  
Legal Rules ◽  
Class Actions ◽  
The Us

Abstract The article is dealing with the new German legal regulation concerning so called securities class actions. Th e author sees the new possibilites to bind together claims which arose from false information in capital market as a followor of the US class actions, therefore the article explains with the aim to simplify the intepretation of the new German legal rules the current American legal regulation of class actions. Th is means it analyses mainly the article 23 of the Federal Rules of Civil Prodecure and brings opinions of the author whether its particularities may function in Germany or not.

scholarly journals Regional Innovation Systems of Medical Technology

REGION ◽  
2021 ◽  
Vol 8 (2) ◽  
pp. 57-81
Author(s):  
Rucha Vadia ◽  
Katharina Blankart
Keyword(s):  
Knowledge Production ◽  
Spillover Effects ◽  
External Funding ◽  
Regional Innovation ◽  
Cross Sectional ◽  
Horizon 2020 ◽  
Product Categories ◽  
The Us ◽  
Number Of Publications ◽  
The Impact

We investigated the role of external funding in cardiovascular device innovation across 31 countries in Europe. We rely on the knowledge production function (KPF) framework that establishes the knowledge output of a region as a function of innovatory effort and other characteristics of that region. In a cross-sectional analysis, we investigated regional variation in knowledge production by the number of publications in cardiovascular device research obtained from the bibliometric data of the world’s largest biomedical library, the US National Library of Medicine, 2014‒2017. We mapped these publications to product categories of medical devices approved for cardiovascular diseases by the US Food and Drug Administration. Considering spatial correlation across regions of Europe in our estimates of the KPF, we investigated the impact of two types of funding mechanisms: grants reported in the publications and the volume of European Union Horizon 2020 funding received by the innovating regions. We obtained 123,487 cardiovascular device-related publications distributed across 1,051 (75% of total) regions (NUTS-3 level). Receiving external funding strongly contributes to a region’s knowledge output. The estimated elasticities of innovatory effort range between 0.51 and 0.64. These estimates were consistently larger than the elasticities of other characteristics in the region measured by gross domestic product (0.14‒0.56). We also documented spillover effects from neighboring regions when the funding was measured by the grants reported in the publications, concluding that innovatory efforts in the form of external research investments are effective for promoting innovation in the medical device industry at the regional level.

Russia and Sanctions: The Transformational Domestic and International Effects of Unilateral Restrictive Measures

2021 ◽  
Vol 6 (4) ◽  
pp. 478-502
Author(s):  
Anastasia Likhacheva
Keyword(s):  
National Development ◽  
Spillover Effects ◽  
Economic Security ◽  
Official Discourse ◽  
Risk Sensitive ◽  
National Economic ◽  
The Us ◽  
Collateral Effects ◽  
International Projects ◽  
Restrictive Measures

Abstract Most studies of the US, EU and Ukraine’s sanctions against Russia and Russian counter sanctions focus on their immediate and intended effects and apply these to make judgements about their efficacy. However, the complex consequences of sanctions go far beyond the target countries’ immediate reactions, as sanctions have positive and negative spillover effects that are rarely acknowledged in official discourse, which focuses on issues of the sanction regimes’ legitimacy and effectiveness. Vulnerability to sanctions leads target countries to reposition their domestic and international priorities. This article will examine three critical ‘collateral effects’ of Western sanctions and Russian counter sanctions. First, they serve as a catalyst for Moscow’s efforts to diversify economic relationship through international projects such as the EAEU, BRICS, and the “Pivot to the East.” Second, they have triggered more risk-sensitive policies in the provision of national economic security, particularly when it comes to finance. Finally, they serve as a transformational tool for national development strategies both at the industrial and regional levels.

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