Zonon, Babatounde Ifred Paterne; Wang, Xianzhi; Chen, Chuang - In: Economies : open access journal 13 (2025) 6, pp. 1-24
This study investigates the causal impact of stock price crash risk on the cost of equity (COE) in China's segmented A- and B-share markets with an emphasis on ownership structures and market regimes. Employing a bootstrap panel Granger causality framework, Markov-switching dynamic regression,...