Su, Fei; Zhai, Lili; Liu, Jianmei - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-24
This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock price crash risk of China's publicly listed firms over the period of 2017-2021. The empirical results show that risk disclosures within the MD&A section are signif‑ icantly and...
