Stock price crash risk: review of the empirical literature

A Habib, MM Hasan, H Jiang - Accounting & Finance, 2018 - Wiley Online Library
We survey the burgeoning literature on the determinants and consequences of firm‐specific
future stock price crash risk. We synthesise a vast body of literature on the determinants of …

Retail investor attention and stock price crash risk: evidence from China

F Wen, L Xu, G Ouyang, G Kou - International Review of Financial Analysis, 2019 - Elsevier
This paper investigates the effect of retail investor attention on stock price crash risk in
China. Retail investor attention is measured by the search frequency from the Baidu Index …

[HTML][HTML] Does corporate eco-innovation affect stock price crash risk?

R Zaman, N Atawnah, M Haseeb, M Nadeem… - The British Accounting …, 2021 - Elsevier
We examine the effect of corporate environmental innovation (hereafter eco-innovation) on
stock price crash risk and document a significant negative association. Utilising a large …

Brand capital and stock price crash risk

MM Hasan, G Taylor, G Richardson - Management Science, 2022 - pubsonline.informs.org
We examine the relationship between brand capital and stock price crash risk. Crash risk,
defined as the negative skewness in the distribution of returns for individual stocks, captures …

Powerful CEOs and stock price crash risk

M Al Mamun, B Balachandran, HN Duong - Journal of Corporate Finance, 2020 - Elsevier
We find that powerful chief executive officers (CEOs) are associated with higher crash risk.
The positive association between CEO power and crash risk holds when controlling for …

Common institutional ownership and stock price crash risk

S Chen, H Ma, Q Wu, H Zhang - Contemporary Accounting …, 2024 - Wiley Online Library
This paper presents new evidence on the economic benefits arising from common
institutional ownership. We find a negative and significant effect of common institutional …

[HTML][HTML] Crash risk and ESG disclosure

PP da Silva - Borsa Istanbul Review, 2022 - Elsevier
This study examines whether ESG (environmental, social and governance) disclosure
influences firm-specific crash risk. Our main research hypothesis postulates that further …

[HTML][HTML] Competence vs. Independence: Auditors' connections with members of their clients' business community

M DeFond, Z Li, TJ Wong, K Wu - Journal of Accounting and Economics, 2024 - Elsevier
Prior research finds that auditors' social connections with their clients harms audit quality.
We examine auditors' social connections with members of their clients' business community …

Business strategy, overvalued equities, and stock price crash risk

A Habib, MM Hasan - Research in International Business and Finance, 2017 - Elsevier
This paper examines empirically the effect of firm-level business strategies on future stock
price crash risk, and the extent to which equity overvaluation moderates this relation. By …

Customer concentration and stock price crash risk

SM Lee, P Jiraporn, H Song - Journal of Business Research, 2020 - Elsevier
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 …