Note(s): This table examines the effect of the rejection of the Inevitable Disclosure Doctrine (IDD) on stock price crash risk based on a stack-cohort approach. All variables are as defined in Table A1 in Appendix. The sample period covers 1990 through 2017. All columns control for cohort-times-firm- and cohort-times-region-times-year-fixed effects. Robust standard errors are clustered at the state-of-headquarter level. Robust standard errors are reported in parentheses. Coefficients marked with *, **, and *** are significant at 10%, 5%, and 1%, respectively