Pan, Ningning; Xu, Qiuhua; Zhu, Hongquan - In: Journal of management science and engineering 6 (2021) 3, pp. 312-323
crash sensitivity. This paper, adopting the perspective of institutional investors, explores the reasons for the difference … in crash sensitivity in China's stock market, and finds that: First, institutional investors' shareholdings is positively … related to firms' stock price crash sensitivity. However, after dividing institutional investors into professional …