Corporate pledgeable asset ownership and stock price crash risk [PDF]
Financial Innovation, 2022 We investigate how a firm’s corporate pledgeable asset ownership (CPAO) affects the risk of future stock price crashes. Using pledgeable asset ownership and crash risk data for a large sample of U.S. firms, we provide novel empirical evidence that a firm’
Hail Jung +3 more
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Pledgee competition, strategic disclosure, and future crash risk
China Journal of Accounting Research, 2019 We investigate whether pledgee competition affects the disclosure choice of firms whose controlling shareholders pledge their shares. We find that pledgee competition is positively related to pledge firms’ annual report tone management.
Xiaoxi Li, Jing Liu, Kemin Wang
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Do firms with excessive cash holdings exhibit higher stock price crash risk? Evidence from Korea [PDF]
Seonmul yeonguPurposeIn this study, we examine whether firms holding excessive cash reserves exhibit different stock price crash risk, using the Korean sample from 2004 to 2023. We find a significantly positive association between corporate excessive cash holdings and
Jeonghu Pak +2 more
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Cartelization and Expected Crash Risk: Evidence From Global Leniency Laws
Journal of Business Finance & AccountingExploiting the staggered passage of leniency laws in foreign countries to which United States (US) firms are exposed that exogenously renders cartelization less feasible, we show that firms’ expected crash risk significantly increases following the ...
Kim, Jeong Bon +3 more
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Company's diversification strategy and crash risk stock prices emphasizing operational slack and management ability [PDF]
مدیریت نوآوری و راهبردهای عملیاتی, 2023 Purpose: Investors significantly value the risk of falling and consider the risk of falling as an important pricing factor. The negative price changes are also affected by managers' ability to choose strategies and properly implement the company's ...
Majid Moradi +2 more
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Family control and crash risk in East Asian firms: The mediating role of opacity
Contemporary EconomyThis study examines family control's direct and indirect impacts (mediated by opacity) on crash risk in East Asian firms. We hypothesize that family control can mitigate agency problems of bad news hoarding due to increasing firm opaqueness. We chose six
Utama, Cynthia Afriani +3 more
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The role of bad-news coverage and media environments in crash risk around the world [PDF]
, 2023 Employing a large international sample across 34 countries, we find that media coverage of bad news reduces firms’ future stock price crash risk. This effect is strengthened when the country-level trust in news media and press freedom is high.
Tang, Jinghua +3 more
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The Impact of Debt Maturity on Stock Price Crash Risk with an Emphasis on Information Asymmetry [PDF]
Journal of Asset Management and Financing, 2018 Short-term debt subjects managers to frequent monitoring, thus effectively reducing managerial discretion and enhancing information disclosure. Since lenders are more sensitive to decreases than increases in firm stock price, they have strong incentives ...
Vahid Taghizadeh Khanqah +1 more
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Impacts of Political Connections on Stock Price Crash Risk under Information Asymmetry Conditions [PDF]
مجله دانش حسابداری, 2019 Objective: The purpose of this study is to examine the effects of political connections on stock price crash risk in 120 companies listed in the Tehran Stock Exchange in the period 2011-2016.
Seyyed Ahmad Khalifeh Soltani (Ph.D) +2 more
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Bank Deregulation and Stock Price Crash Risk [PDF]
, 2021 This paper examines the influence of bank branch deregulation on corporate borrowers’ stock price crash risk. Using a large sample of U.S. public firms over the period 1962–2001, we provide robust evidence that intrastate branch reform contributes to the
Dang, Viet Anh +3 more
core +1 more source