Results 231 to 240 of about 180,143 (369)
Director Networks and Stock Price Crash Risk [PDF]
, 2017 摘要 先前的文献显示公司高管有动机适时地隐瞒市场上的不利消息，比如对职业生涯的考虑和声望。Jin和Myers提出的坏消息囤积理论（2006）认为当公司长期隐瞒坏消息时，负面信息很可能会囤积在公司内部。当这种行为的动机崩溃或者达到一个临界点，迄今为止所有未披露负面信息一次性地公布在公众面前，将会导致股票价格直线崩盘。 本文以1996到2013的标普1500作为样本，检验了在董事联系紧密的公司内是否存在知识外溢效应从而降低未来极端负收益出现的可能性。我发现大体上董事联系紧密的高管的公司的股价崩盘风险会下降 ...
CEPHAS SIMON-PETER DAK-ADZAKLO
core
Financial Accountability &Management, Volume 39, Issue 1, Page 195-215, February 2023., 2023 Abstract This paper sets out to explore how hybrid organizations managed their established institutional complexity in the past, and what place was there for accounting in this endeavor. The paper draws on a historical case study of how a social entity operated in 14th–16th‐century Venice.
Maria Lusiani +2 more
wiley +1 more source
Are auditors insulated to positive client news? Evidence from audit fees and going‐concern opinions
Accounting &Finance, EarlyView.Abstract This paper investigates if and how auditors consider positive news, related to their clients, when making audit decisions. Using a large sample of US listed companies, we find that auditors charge lower audit fees and are less likely to issue going‐concern opinions when there are a higher number of positive news items related to their clients.
Ting‐Chiao Huang +3 more
wiley +1 more source
Can digital transformation reduce corporate stock price crashes? [PDF]
PLoS One, 2023 Zhao X, Li X, Ren C.
europepmc +1 more source
Cross‐asset time‐series momentum strategy: A new perspective
Accounting &Finance, EarlyView.Abstract We propose a new investment strategy, the improved cross‐asset time‐series momentum (I‐XTSM) strategy, to predict future returns and make investments. Using data on 25 investment portfolios and common commodities for the period from January 1990 to December 2023, we find that the I‐XTSM strategy increases profitability substantially in the ...
Dezhong Xu +3 more
wiley +1 more source
INFLUENCE OF LIMITED ATTENTION AND OVER-OPTIMISM OF INVESTORS ON STOCK PRICE CRASH RISK
, 2019 openalex +1 more source
Addressing CSR Red Flags as a Strategic Response to Economic Policy Uncertainty
Accounting &Finance, EarlyView.ABSTRACT This study investigates whether companies strategically address corporate social responsibility (CSR) red flags to minimise their risks during periods of high economic policy uncertainty (EPU). We observe increased investment in social and environmental concerns amid EPU, particularly amongst firms with numerous institutional investors, those ...
Yunhao Dai +2 more
wiley +1 more source
“I just like the stock”: The role of Reddit sentiment in the GameStop share rally
Financial Review, Volume 58, Issue 1, Page 19-37, February 2023., 2023 Abstract This paper investigates the role played by the social media platform Reddit in the events around the GameStop (GME) share rally in early 2021. In particular, we analyze the impact of discussions on the r/WallStreetBets subreddit on the price dynamics of the American online retailer GameStop.
Suwan (Cheng) Long +3 more
wiley +1 more source
CEOs' Political Ideology, Social Capital and Corporate Tax Avoidance
Accounting &Finance, EarlyView.ABSTRACT Building on institutional theory, we explore the interaction between social capital and CEO political ideology on corporate tax avoidance. Using CEOs' political donations to identify their political ideology, we find that firms led by Republican CEOs tend to have lower (higher) effective tax rates when located in communities with lower (higher)
Tien‐Shih Hsieh +2 more
wiley +1 more source