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 …

[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 …

Micro-, meso-and macro-level determinants of stock price crash risk: a systematic survey of literature

W Ali, J Wilson, M Husnain - Managerial Finance, 2022 - emerald.com
Purpose This article conducts a thorough review and synthesis of the empirical research on
the antecedents of stock price crash risk to ascertain the macro-, meso-and micro-level …

Fraud commitment in a smaller world: Evidence from a natural experiment

J Xiong, C Ouyang, JY Tong, FF Zhang - Journal of Corporate Finance, 2021 - Elsevier
This study examines the effect of proximity on corporate fraud commitment using the
introduction of high-speed rail (HSR) as an exogenous shock to travel time. We find that …

Corporate customer concentration and stock price crash risk

X Ma, W Wang, J Wu, W Zhang - Journal of Banking & Finance, 2020 - Elsevier
Using a large sample of US firms, we find that major corporate customer concentration is
positively associated with a firm's future stock price crash risk. This positive relation is more …

Judicial independence and crash risk: Evidence from a natural experiment in China

Y Liu - Journal of Corporate Finance, 2023 - Elsevier
This paper examines the impact of judicial independence on stock price crash risk.
Employing the establishment of circuit tribunals in China as a shock to judicial …

Stock price crash risk and CEO power: Firm-level analysis

J Harper, G Johnson, L Sun - Research in International Business and …, 2020 - Elsevier
This study examines the impact of stock price crash risk on future CEO power. Using a large
panel sample with 17,816 firm-year observations, we posit and find a significant negative …

Does non-punitive regulation diminish stock price crash risk?

J Lu, Y Qiu - Journal of Banking & Finance, 2023 - Elsevier
This study investigates the impact of non-punitive regulation on stock price crash risk. We
use the inquiry letter issued by the Shanghai Stock Exchange (SSE) and the Shenzhen …

Firm leverage and stock price crash risk: The Chinese real estate market and three-red-lines policy

X Chu, Y Deng, D Tsang - The Journal of Real Estate Finance and …, 2023 - Springer
This study examines the relationship between firm leverage and stock price crash risk,
where extant literature shows mixed findings on the impact of leverage on stock price …

Promotion vs. pollution: City political status and firm pollution

X Zhao, M Jia, Z Zhang - Technological Forecasting and Social Change, 2023 - Elsevier
Some corporate pollution behaviors raise public concern on whether local governments can
strictly implement the central environmental policy to restrain heavy-polluting firms within …