Equity is overvalued when its market value is far above its underlying value. Jensen (2005) proposes that overvaluation leads to value-destroying opportunistic earnings management. In this study I examine how equity overvaluation affects a firm's financial opacity and its stock crash risk. I...

If several relatives died with no will, the order of their deaths could affect the inheritance result. When the order of death is unknown, there are three approaches to determine the inheritance result: apply an inheritance method that is not affected by the order of death; artificially assign...

Purpose: The purpose of this study was to summarize safety management of manager into two aspects (design behavior and management behavior) and to figure out the different impact these two behaviors might have. Design/methodology/approach: In order to verify the reasonableness of the...