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Common Institutional Ownership and Stock Price Crash Risk
Social Science Research Network, 2023This paper presents new evidence on the economic benefits arising from common institutional ownership. We find a negative and significant effect of common institutional ownership on stock price crash risk. This effect is robust to a battery of robustness
Shenglan Chen +3 more
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Can Employees Monitor Managers' Bad News Hoarding Behaviour? Evidence From Employee Stock Ownership
Accounting & FinanceUsing data from South Korean public firms, we investigate the relationship between employee stock ownership (ESO) and stock price crash risk. We find that firms with higher ESO levels are associated with lower stock price crash risk. Moreover, employee
Hail Jung, Sang-oh Choi, Daejin Kim
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Stakeholders and the stock price crash risk: What matters in corporate social performance?
Journal of Corporate Finance, 2021This study provides evidence for the differential impacts of corporate social responsibility (CSR) initiatives targeting different stakeholder groups on stock price crash risk.
A. Dumitrescu, Mohammed Zakriya
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CEO early-life disaster experience and stock price crash risk
Journal of Corporate Finance, 2020An emerging stream of research documents that experience of traumatic events early in a CEO’s life influences the firm’s investment and financing choices.
Yangyang Chen +3 more
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Do employee owners deter firms from withholding bad news? Evidence from Korea
Journal of Derivatives and Quantitative StudiesStock price crashes, often triggered by the hoarding and sudden release of bad news, pose severe risks to investors and market stability. While prior research has investigated various governance mechanisms that constrain managerial bad-news hoarding,
Shin， Hyejeong, Heejin Park
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Corruption Crackdown and Firm News Sentiment
Emerging markets finance & tradeThis study examines the relationship between the corruption of local officials and news sentiment regarding publicly listed Chinese firms. We find that corruption crackdowns lead to lower sentiment scores for released news.
Xufeng Wu +3 more
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Climate policy uncertainty: A catalyst for stock price crash?
Journal of Environmental ManagementThis study investigates the impact of climate policy uncertainty (CPU) on stock price crash risk. Using a panel dataset of 94,573 U.S. firm-year observations from 1989 to 2024, and employing panel regression with industry fixed effects and firm-clustered
Hong Vo, Anh Phan, Q. Trinh
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The impact of female leadership on the stock price crash risk of non-financial firms
Risk Governance and Control: Financial Markets & InstitutionsAlthough the contribution of female leaders has changed significantly in recent years, pathways to achieving gender parity in leadership positions are still challenging.
Thu Thuy Pham +4 more
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European Financial Management
We exploit the staggered deregulation of interstate bank branching laws across US states and study the impact of banking competition on managerial manipulative behaviour. We find compelling evidence that firms experience an increase in future stock price
L. Burke +3 more
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We exploit the staggered deregulation of interstate bank branching laws across US states and study the impact of banking competition on managerial manipulative behaviour. We find compelling evidence that firms experience an increase in future stock price
L. Burke +3 more
semanticscholar +1 more source
Does crackdown on corruption reduce stock price crash risk? Evidence from China
Journal of Corporate Finance, 2018This study examines whether crackdown on political corruption in China affects future stock price crashes. Using data from corruption-related prosecutions, we find that firms under prosecuted official jurisdictions experience a significant decrease in ...
Yunsen Chen +3 more
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