The Invisible Power of MacHines Revisiting the Proposed Flash Order Ban in the Wake of the Flash Crash [PDF]
, 2011 Technological innovation continues to make trading and markets more efficient, generally benefitting market participants and the investing public.
Sandler, Austin J.
core +6 more sources
The Effect of Auditor’s Characteristics on the Future Stock Price Crash Risk [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2022 Negative skewness is among the features of crash risk that finally result in more volatility in the negative return. The contributing factors to stock price crash risk spread at the firm level, but the agency cost brings about information asymmetry ...
Faramarz Lotfi +2 more
doaj +1 more source
ESG rating disagreements and stock price crash risk: can distraction, regional digital economy and corporate intelligence maturity play important roles? [PDF]
AJAR (Asian Journal of Accounting Research)Purpose – ESG issues are gaining increasing attention from investors, but the environmental, social and governance (ESG) rating disagreement caused by different standards of rating agencies misleads investors' investment decisions.
Yiyuan Li
doaj +1 more source
On worst-case investment with applications in finance and insurance mathematics [PDF]
, 2005 We review recent results on the new concept of worst-case portfolio optimization, i.e. we consider the determination of portfolio processes which yield the highest worst-case expected utility bound if the stock price may have uncertain (down) jumps.
E. Eberlein +6 more
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Corporate debt maturity and stock price crash risk [PDF]
European Financial Management, 2017 AbstractWe find that firms with a larger proportion of short‐term debt have lower future stock price crash risk, consistent with short‐term debt lenders playing an effective monitoring role in constraining managers’ bad‐news‐hoarding behaviour. The inverse relationship between short‐maturity debt and future crash risk is more pronounced for firms that ...
Dang, Viet +3 more
openaire +2 more sources
Stock liquidity, stock price crash risk, and foreign ownership
Borsa Istanbul Review, 2022 This study examines the impact of stock market liquidity on a stock price crash, using firm data from Borsa Istanbul for the period 2009–2019. The results show that higher stock liquidity increases the likelihood of stock price crashes, but this positive
Ozge Sezgin Alp +2 more
doaj +1 more source
Option-implied information and predictability of extreme returns : [Version 28 Januar 2013] [PDF]
, 2012 We study whether prices of traded options contain information about future extreme market events. Our option-implied conditional expectation of market loss due to tail events, or tail loss measure, predicts future market returns, magnitude, and ...
Vilkov, Grigory, Xiao, Yan
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Debt maturity structure and stock price crash risk: The case of Turkiye
Borsa Istanbul Review, 2022 This study explores the relationship between the debt maturity structure and the stock price crash risk for nonfinancial firms on the Borsa Istanbul from 2009 to 2019.
Bilge Canbaloglu +2 more
doaj +1 more source
Does ESG report greenwashing increase stock price crash risk?
China Journal of Accounting StudiesFrom the perspective of non-financial information greenwashing, this paper investigates the impact mechanism of environmental, social and governance (ESG) report greenwashing on stock price crash risk.
Guangrui Liu +4 more
doaj +1 more source
Corporate Social Responsibility and Stock Price Crash Risk: Evidence from an Emerging Market [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2018 The main purpose of this study is to investigate the relationship between corporate social responsibility (CSR) and stock price crash risk of companies listed in Tehran Stock Exchange (TSE). The empirical data include 75 companies listed in the TSE, over
Shokrollah Khajavai +3 more
doaj +1 more source