Stock price crash risk: review of the empirical literature
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 …
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
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 …
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?
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 …
stock price crash risk and document a significant negative association. Utilising a large …
Brand capital and stock price crash risk
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 …
defined as the negative skewness in the distribution of returns for individual stocks, captures …
Powerful CEOs and stock price crash risk
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 …
The positive association between CEO power and crash risk holds when controlling for …
Common institutional ownership and stock price crash risk
This paper presents new evidence on the economic benefits arising from common
institutional ownership. We find a negative and significant effect of common institutional …
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 …
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
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 …
We examine auditors' social connections with members of their clients' business community …
Business strategy, overvalued equities, and stock price crash risk
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 …
price crash risk, and the extent to which equity overvaluation moderates this relation. By …
Customer concentration and stock price crash risk
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 …
concentration may represent a source of significant cash flow and business risk for supplier …