Results 251 to 260 of about 200,714 (315)

Import competition and stock price crash risk

open access: yesJournal of Financial Research, EarlyView.
Abstract We investigate how globalization‐induced import competition affects stock price crash risk. Import competition increases price pressure and reduces profit margins, prompting managers to withhold negative information, resulting in higher crash risk. Based on a sample of US manufacturing firms from 1974 to 2019, we find that firms whose products
Mansoor Afzali   +2 more
wiley   +1 more source

Natural disaster risk salience and the strategic appointment of directors with sustainability expertise

open access: yesJournal of Financial Research, EarlyView.
Abstract This article examines how salient sustainability risks from near‐miss natural disasters influence board composition. Using a difference‐in‐differences design, I find that firms located in counties neighboring disaster‐affected areas significantly increase the presence of directors with sustainability expertise following the disaster.
Bo Wang
wiley   +1 more source

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