Do Competent Managers Hoard Bad News? Self-regulation Theory and Korean Evidence
Finance Research Letters, 2021Abstract This study investigates the relationship between managerial ability and opportunistic behavior, especially hoarding negative information. Borrowing self-regulation resource theory, we expect that competent managers may have fewer self-regulation resources and are more likely to engage in bad news hoarding because they are exposed to chronic ...
Sangho Lee, Sejoong Lee, Ji Yeon Ryu
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Can reputation concern restrain bad news hoarding in family firms?
Journal of Banking & Finance, 2020Abstract Family involvement as chair of the board combines the reputation of the controlling family and the firm. Thus, the family's incentive to prevent reputation loss acts as a corporate governance mechanism in mitigating self-serving and bad news hoarding behavior of family firms. We find a lower future stock price crash risk in family firms with
Fuxiu Jiang +3 more
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Media Attention and Selective Managerial Bad News Hoarding
SSRN Electronic Journal, 2018This paper investigates whether media attention impacts the extent to which managers hoard bad news in general and whether the effect applies to conspicuous news, such as earnings news. We find that greater media attention escalates managerial bad news hoarding; however, such an effect does not apply to bad earnings news.
Yangyang Chen +3 more
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Do Innovations Hoard Bad News? Evidence from Stock Price Crash Risk
SSRN Electronic Journal, 2017We study the influence of the innovations, proxied by the number of patent grants and citations as well as the R&D investments on the stock price crash risk. Using a large sample of U.S. firms, we show that the innovation related activities reduce the likelihood to experience future stock price crashes with significant magnitude.
Hamdi Ben-Nasr +2 more
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Do dividends mitigate bad news hoarding, overinvestments, and stock price crash risk?
Accounting & FinanceAbstractUsing a large sample of US firms over the period of 1991–2015, we examine the economic benefits of paying dividends. We find that dividend payments mitigate stock price crash risk. We show that dividend payments reduce bad news hoarding (overinvestments) while bad news hoarding (overinvestments) is (are) positively associated with stock price ...
Jeong‐Bon Kim, Le Luo, Hong Xie
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Do natural disasters encourage bad news hoarding? Evidence from firm-level stock price crash risk
SSRN Electronic Journal, 2022Ihtisham Malik +3 more
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Unravelling managerial bad news hoarding: evidence from stock price crash risk
With three empirical essays, this thesis endeavours to contribute further empirical insights into stock price crash risk (managerial bad news hoarding). Specifically, the first essay (Chapter 3) investigates the impact of board gender diversity on mitigating future stock price crash risk. The second essay (Chapter 4) and third essay (Chapter 5) delveopenaire +1 more source
Hoarding Bad News: When Non-financial Firms Hold Financial Assets
SSRN Electronic Journal, 2020Xiaoran Ni, Yuchao Peng, Ji Shen
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Standing in the Limelight: Sophisticated Active Attention and Managerial Bad News Hoarding
SSRN Electronic Journal, 2020Tao Chen, Jimmy Chengyuan Qu
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Asymmetric ideological segregation in exposure to political news on Facebook
Science, 2023Sandra Gonzalez-Bailon +2 more
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