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Social media information dissemination and corporate bad news hoarding

Accounting & Finance, 2022
AbstractThis paper investigates the role of social media in mitigating corporate bad news hoarding from a stock price crash risk perspective. Using a sample of public listed firms from 2008–2019, we find that social media (Guba) posts could significantly reduce firms’ stock price crash risks in the Chinese stock market.
Feng He, Yaqian Feng, Lingbing Feng
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