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 …

This chapter surveys the literature on bubbles, financial crises, and systemic risk. The first
part of the chapter provides a brief historical account of bubbles and financial crisis. The …

At present, more and more attention is paid to the sustainable development of enterprises. In
particular, in the context of frequent financial crises and COVID‐19 pandemic, how the …

This study investigates the effect of enterprise digital transformation on stock price crash risk
using a sample of Chinese listed companies during the period 2007–2020. We find that the …

Abstract Effects of digital transformation on value creation, productivity, and innovation have
been previously examined. However, only a few studies have explored how the capital …

This paper investigates the US stock market performance during the crash of March 2020
triggered by COVID-19. We find that natural gas, food, healthcare, and software stocks earn …

While several studies evidence that firm social responsibility lowers stock crash risk, few
investigate this for China. Further, few studies investigate the aggregate role of …

This study investigates the relationship between cash flow uncertainty and stock price crash
risk. Using a large sample of firms from 22 countries, we find that a higher cash flow …

This paper studies the impact of the outbreak of coronavirus disease 2019 (COVID-19) on
the stock price crash risk of energy firms in China. We find that the stock price crash risk of …