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
core +1 more source
Withholding Bad News in the Face of Credit Default Swap Trading: Evidence from Stock Price Crash Risk [PDF]
, 2023 Credit default swaps (CDS) are a major financial innovation related to debt contracting. Because CDS markets facilitate bad news being incorporated into equity prices via cross-market information spillover, CDS availability may curb firms’ information ...
Tang, Y, Liu, J, Ng, TYJ, Zhong, R
core +1 more source
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
Corporate social activities and stock price crash risk in the banking industry: International evidence [PDF]
, 2022 This paper investigates the impact of banks’ social activities on their future stock price crash risk in an international setting. We propose two competing perspectives for the relationship.
Liu, Simeng, Wu, Yue, Wang, Kun (Tracy)
core +1 more source
Supplier financing and managerial information hoarding: monitoring versus concessions? [PDF]
, 2022 This paper examines the relation between supplier financing and customer firms’ information hoarding behavior, proxied by future stock price crash risk. We find that supplier financing is negatively associated with stock price crash risk, consistent with
Liu, Yangke +3 more
core +2 more sources
Peer performance and the asymmetric timeliness of earnings recognition [PDF]
, 2022 This paper investigates the impact of peer performance on the asymmetric timeliness of earnings recognition. We find a positive relationship between peers' weak performance and timely bad news disclosure.
Y Ma (7409624) +3 more
core +3 more sources
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
Stock price crash risk: evidence from China [PDF]
, 2021 This thesis presents three closely related empirical studies which examine, in separate working paper format, important yet understudied determinants of stock price crash risk: trade credit provision, debt and financial assets investment.
Wang, Meng
core
Are financially constrained firms susceptible to a stock price crash? [PDF]
, 2023 This study investigates whether and how financial constraints on firms affect the risk of their stock price crashing. We find strong evidence that financial constraints increase future stock price crash risk.
Guanming He +5 more
core +2 more sources
Government debt and stock price crash risk: International Evidence [PDF]
We add to the literature on the economic outcomes of government debt and argue that government debt increases crash risk via two channels: (i) hoarding bad news and (ii) tax avoidance.
Sabri Boubaker
core +3 more sources