This study examines whether external labour market competitions affect managers' bad news hoarding and the resultant stock price crashes. Using CEOs' exposure to the prestigious media-award-winning events of competitor CEOs, we document a significant increase in stock crash risk for firms with...

Digital innovations in finance, loosely known as fintech, have garnered a great deal of attention across the financial industry. Distributed ledger technology (DLT) is one such innovation that has been cited as a means of transforming payment, clearing, and settlement (PCS) processes, including...