Li, Saisai; Lei, Qianhua; Ren, Liuyang - In: Pacific accounting review 35 (2023) 1, pp. 105-125
. Though the increase in the number of subsidiaries affects the hierarchical structure and risk of conglomerates, few studies … conglomerate level. Therefore, this study aims to investigate the relationship between the number of subsidiaries and crash risk … to 2015, this study conducts multivariate regression analyses between the number of subsidiaries and the stock price …
