Results 251 to 260 of about 3,050 (293)
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Stock price synchronicity and stock price crash risk
China Finance Review International, 2016Purpose– The purpose of this paper is to empirically analyze the effects of stock price synchronicity and herding behavior of qualified foreign institutional investors (QFII) on stock price crash risk, especially the mediating effect of herding behavior of QFII on the relation of stock price synchronicity and stock price crash risk.Design/methodology ...
Yonghong Jin
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Essays on stock price crash risk [PDF]
, 2023 Firm-specific stock crashes could be devastating for investors, with significant wealth implications. The economic significance of stock crashes has attracted increasing attention from academia to stock price crash risk\' potential drivers.
Schwarz, Lucas Allan Diniz
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Intangible Intensity and Stock Price Crash Risk
SSRN Electronic Journal, 2019Abstract We evaluate the association between intangible intensity and stock price crash risk for U.S. listed firms from 1983 to 2017. The results show that intangible-intensive firms are associated with high crash risk. The decomposition of intangible intensity identifies goodwill as the driving force and documents its predictability for future ...
Kai Wu, Seiwai Lai
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Customer Concentration and Stock Price Crash Risk
SSRN Electronic Journal, 2018Abstract We investigate the impact of customer concentration on stock price crash risk. Customer concentration may represent a source of significant cash flow and business risk for supplier firms or benefit supplier firms in terms of efficient product, inventory and supply chain management.
Sang Mook Lee +2 more
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Managerial perspectives on climate change and stock price crash risk [PDF]
Finance Research Letters, 2023 In this study, we examine the effects of manager's perspectives on climate change on stock price crash risk. The analysis confirms that manager's climate change perspective is negatively associated with future stock price crash risk likelihood.
Hail Jung, Chang-Keun Song
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Superstition and stock price crash risk
Pacific-Basin Finance Journal, 2020Abstract We investigate a new channel that leads to firm-specific stock price crash risk. By using Chinese superstition towards unlucky numbers as a platform for our analysis, we find that investor overreaction to negative news from firms with unlucky listing codes is a mechanism through which superstition affects crash risk.
Min Bai +3 more
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Common Institutional Ownership and Stock Price Crash Risk
SSRN Electronic Journal, 2023AbstractThis paper presents new evidence on the economic benefits arising from common institutional ownership. We find a negative and significant effect of common institutional ownership on stock price crash risk. This effect is robust to a battery of robustness checks and is causal according to some identification tests, including difference‐in ...
Shenglan Chen +3 more
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Investor Overconfidence and Stock Price Crash Risk
Journal of Accounting LiteraturePurpose The paper investigates how investor overconfidence affects stock price crash risk. Design/methodology/approach Following Adebambo and Yan (2018), we use mutual fund data from Thomson Financial, CRSP Survivorship Bias Free ...
Hasibul Chowdhury +4 more
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Religion and Stock Price Crash Risk
Journal of Financial and Quantitative Analysis, 2015AbstractThis study examines whether religiosity at the county level is associated with future stock price crash risk. We find robust evidence that firms headquartered in counties with higher levels of religiosity exhibit lower levels of future stock price crash risk.
Jeffrey L. Callen, Xiaohua Fang
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Industry tournament incentives and stock price crash risk
Financial Management, 2020AbstractTheoretical and empirical studies argue that managerial hoarding of negative firm‐specific information can result in large negative stock price corrections once the accumulated information is revealed. A managerial labor market with tournament‐like progression provides managers with the incentive to withhold negative information.
Thomas R. Kubick, G. Brandon Lockhart
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