Results 81 to 90 of about 101,530 (333)
Business Strategy and the Environment, EarlyView.ABSTRACT Investors have long recognized the importance of firms in promoting sustainability, leading to the rise of socially responsible investment (SRI). Specifically, there is a growing preference for exchange‐traded funds (ETFs) that prioritize environmental, social, and governance (ESG) principles.
Sandra Tenorio‐Salgueiro +3 more
wiley +1 more source
Stock mergers and acquirers’ subsequent stock price crash risk [PDF]
Review of Quantitative Finance and Accounting, 2019 We examine the changes in acquirers’ stock price crash risk following mergers and acquisitions (M&As). We employ the three measures of crash risk most commonly used in the literature: the negative conditional skewness of acquirer-specific stock returns, a down-to-up volatility measure, and the excess of extreme negative stock returns over extreme ...
Surendranath Jory +2 more
openaire +3 more sources
Earnings management and stock price crashes post-crossdelisting [PDF]
, 2015 We test whether cross-delisted firms from the major U.S. stock exchanges experience an increase in crash risk associated with earnings management. Consistent with our prediction, we find that earnings management have a greater positive impact on stock ...
Loureiro, Gilberto +1 more
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CEO Overconfidence and Stock Price Crash Risk
SSRN Electronic Journal, 2013 AbstractThis study examines the association between chief executive officer (CEO) overconfidence and future stock price crash risk. Overconfident managers overestimate the returns to their investment projects and misperceive negative net present value (NPV) projects as value creating. They also tend to ignore or explain away privately observed negative
KIM, Jeong-Bon +2 more
openaire +3 more sources
From Ecosystem Threats to Balance Sheets: Biodiversity Risks Exposure and Corporate Cash Policies
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates how firms strategically respond to biodiversity risk by examining their cash holding decisions. Using firm‐level data from China, we find that firm‐level biodiversity risk exposure significantly increases corporate cash holdings.
Jing Hao +4 more
wiley +1 more source
The Effect of Firm-Specific Environmental Punishment on Stock Price Crash Risk: Evidence From China
SAGE Open, 2023 Even though previous studies have investigated the effect of environmental regulation policy on stock price crash risk, little is known about how the firm-specific environmental punishment would impact stock price crash risks.
Minghui Li, Chaohai Shen, Mengyao Wen
doaj +1 more source
Non-GAAP Earnings and Stock Price Crash Risk
SSRN Electronic Journal, 2019 We investigate whether non-GAAP earnings disclosures increase stock price crash risk. Consistent with non-GAAP disclosures allowing managers to inflate investors’ perceptions about firm performance, our results indicate that income increasing non-GAAP reporting increases crash risk.
Hsu, Charles Youyang +2 more
openaire +3 more sources
Product Market Competition,Corporate Governance and Stock Price Crash Risk [PDF]
, 2016 股价崩盘是近几年的研究热点问题，从信息质量水平、公司内部治理因素，再到审计质量、分析师关注、媒体报道等外部治理因素，学者们对股价崩盘风险的影响机制进行了一系列检验。在这些因素之外，又是否存在其他外部环境机制会对股价崩盘风险产生显著影响？基于这个疑问，本文对产品市场竞争与股价崩盘风险之间的关系展开了研究。 本文首先以2000-2015年沪深两市A股上市公司作为研究样本，分析了产品市场竞争对公司未来股价崩盘风险的影响。再从产品市场竞争对代理成本的作用入手，分析其影响的渠道 ...
薛琪
core
Business Strategy and the Environment, EarlyView.ABSTRACT Biodiversity‐related financial risk is increasingly recognized not only as a market concern but as an ethical and systemic imperative for businesses and financial institutions. This systematic literature review synthesizes 103 peer‐reviewed studies to examine how biodiversity risk is conceptualized, measured, and integrated within financial ...
Thang Ngoc Dang +3 more
wiley +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines how carbon accounting can be used to govern, not merely report, circular economy principles in shipping corporations. Grounded in institutional theory and aligned with the UN 2030 Agenda, this study introduces circular harmony as an accounting design principle: Circular interventions are embedded in a single well‐to‐wake ...
Assunta Di Vaio +2 more
wiley +1 more source