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...

This paper examines how female and male examination performance are differentially affected by the degree of competitive pressure faced. Our setting is China's National College Entrance Exam (Gaokao) which is widely regarded as the world's most competitive exam. We show that compared to male...