Do MD&A Risk Disclosures Reduce Stock Price Crash Risk? Evidence from China
International Journal of Financial Studies, 2023 This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock price crash risk of China’s publicly listed firms over the period of 2017–2021.
Fei Su, Lili Zhai, Jianmei Liu
doaj +1 more source
CEO Age and Stock Price Crash Risk [PDF]
Review of Finance, 2016 Abstract We show that firms with younger CEOs are more likely to experience stock price crashes, including crashes caused by revelation of negative news in the form of breaks in strings of consecutive earnings increases. Such strings are accompanied by large increases in CEO compensation that do not dissipate with crashes. These findings
Andreou, P. +2 more
openaire +3 more sources
Financial Distress Risk and Stock Price Crashes [PDF]
SSRN Electronic Journal, 2019 This study uses 462,678 monthly observations of US-listed firms for the period 1990-2018 to document a strong positive relationship between short-term changes in financial distress risk and future stock price crashes. This result is economically significant as a one interquartile increase of the main explanatory variable in any month increases the ...
Andreou, Christoforos K. +2 more
openaire +4 more sources
The Effect of Dividend Payments and Bad News Hoarding on Stock Price Crash Risk with an Emphasis on Information Asymmetry [PDF]
بررسیهای حسابداری و حسابرسی, 2017 This study examines the impact of dividend payments and bad news hoarding on stock price crash risk with an emphasis on information asymmetry. In this regard, 123 companies were selected for the period of 2009-2014.
Younes Badavar Nahandi +1 more
doaj +1 more source
The Relationship between the Managerial Overconfidence and Stock Price Crash Risk in Firms Listed in Tehran Stock Exchange [PDF]
راهبرد مدیریت مالی, 2018 The purpose of this research is to investigate the relationship between managerial overconfidence and stock price crash risk because managers like to hide bad news and report only good news.
mahdi beshkooh, fatemeh keshavarz
doaj +1 more source
CEOs’ Decision-making Power and Stock Price Crash Risk: Evidence from Iran [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2018 The aim of the current paper is to examine whether the chief executive officer’s (CEOs’) decision-making power effects stock price crash risk. Using an index that encompasses CEO duality, ownership power and CEO tenure as the sources of CEO power and ...
Hamid Zarei +3 more
doaj +1 more source
Does D&O insurance matter for stock price crash risk? Evidence from an Asian emerging market [PDF]
Journal of Capital Markets Studies, 2019 Purpose – The purpose of this paper is to address the opposing views of the relationship between directors’ and officers’ liability insurance (D&O insurance) and stock price crash risk in a major Asian emerging stock market. Design/methodology/approach –
Ming-Te Lee, Kai-Ting Nien
doaj +1 more source
A literature review of stock price crash risk: Evidence from its influencing factors [PDF]
SHS Web of Conferences, 2023 Since the last century, stock price crash risk has always been a hot issue for researchers, capital market investors, corporate managements, and regulators. Therefore, it’s important to investigate what factors may affect stock price crash risk which may
Xiao Di
doaj +1 more source
Large blockholders and stock price crash risk: An international study
, 2023 This study examines the relationship between large blockholders and stock price crash risk across 44 countries. Based on the results, firms held by large blockholders have a lower firm-specific crash risk than widely held firms.
Wang, Qingxia (Jenny), Eugster, Nicolas
core +1 more source
Stock Price Crash and Business Strategy: Evidences of Defensive and Prospective Strategies [PDF]
فصلنامه بورس اوراق بهادار, 2020 Investors are always concerned about protecting their investment and the stock price crash risk threatens this investment. The stock price crash risk, although related to the market, can be due to the type of business strategy of the company that ...
Abdolmajid Abdolbaghi Ataabadi +2 more
doaj +1 more source