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 …
[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 …
Micro-, meso-and macro-level determinants of stock price crash risk: a systematic survey of literature
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 …
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
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 …
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 …
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 …
Employing the establishment of circuit tribunals in China as a shock to judicial …
Stock price crash risk and CEO power: Firm-level analysis
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 …
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 …
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
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 …
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 …
strictly implement the central environmental policy to restrain heavy-polluting firms within …