Results 11 to 20 of about 21,793 (158)
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
doaj +1 more source
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.
Li, Donghui +3 more
core +1 more source
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
doaj +1 more source
Analyst coverage and future stock price crash risk [PDF]
, 2019 Purpose Whether financial analysts play an effective role as information intermediaries and monitors has triggered a wide spread of debate among academics and practitioners to date.
Bai, Lu +2 more
core +4 more sources
Illiquidity and All Its Friends [PDF]
The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts.
Tirole, Jean
core +6 more sources
CSR and Stock Price Crash Risk: Does the Firm Life Cycle Matter? An Emerging Economy Perspective
International Journal of Financial StudiesCorporate social responsibility (CSR) plays a growing role in fostering transparency, stakeholder trust, and long-term firm sustainability, particularly in emerging markets. Firms that actively engage in CSR are more likely to disclose credible financial
Muhammad Zahid Iqbal +4 more
doaj +1 more source
Perversity, futility, complicity: Should democrats participate in autocratic elections?
American Journal of Political Science, EarlyView.Abstract Electoral authoritarianism is receiving increasing attention from political scientists, yet it has been mostly ignored by political philosophers. This paper aims to fill some of this gap by considering whether it is morally permissibly for democrats to participate in autocratic elections as candidates or voters.
Zoltan Miklosi
wiley +1 more source
Practical Experience“ Related to Crisis Communication During the Oil and Oil Products Shortage [PDF]
, 2018 Oil security (not just oil shortages, but many other possible scenarios) are challenges for society, businesses, or government authorities. The public sphere is in a difficult situation: positive and proactive communication can cause a panic reaction ...
Harazin, Lukáš +3 more
core +1 more source
Import competition and stock price crash risk
Journal of Financial Research, EarlyView.Abstract We investigate how globalization‐induced import competition affects stock price crash risk. Import competition increases price pressure and reduces profit margins, prompting managers to withhold negative information, resulting in higher crash risk. Based on a sample of US manufacturing firms from 1974 to 2019, we find that firms whose products
Mansoor Afzali +2 more
wiley +1 more source
Journal of Financial Research, EarlyView.Abstract We examine the effect of the inevitable disclosure doctrine (IDD) on cost of debt. Our difference‐in‐differences analyses reveal that the IDD significantly reduces the loan spread for borrowers in adopting states. To elucidate the mechanisms of such finding, we find that the IDD's effect is weaker in industries with high management turnover ...
Haiyan Jiang +2 more
wiley +1 more source