future stock price crash risk. CEO duality magnifies managerial incentive and ability to overstate performance and hide bad …-2014, we present evidence that CEO duality is positively associated with firm-specific stock price crash risk. In addition, we … find that the impact of CEO duality on increasing crash risk is more pronounced for firms with high information asymmetry …

We investigate the pricing of systematic tail risk measured by tail beta in the Chinese equity market. Using an array … to many considerations and cannot be explained by established pricing factors or alternative risk or illiquidity measures …

In this paper, the impact of media tones from traditional and Internet media on future stock price crash risk is … studied. It is found that traditional media tones show little impact on future crash risk, while optimistic (pessimistic …) tones from the Internet are positively (negatively) correlated with future crash risk. These findings remain robust after …

This paper examines how the macroeconomic environment affects crash risk-policy uncertainty sensitivity. We document … that policy uncertainty heightens crash risk, while economic growth diminishes crash risk-policy uncertainty sensitivity … through the managers’ policy risk perception channel. And the moderating effect of economic growth is amplified for nonSOEs …

This study examines the effect of employee treatment on stock price crash risk based on the framework of stakeholder …-friendly treatment is negatively associated with crash risk. Our empirical findings are robust to multi-way fixed effects, instrumental … variables, alternative proxies for crash risk and employee treatment, and various other approaches to address endogeneity and …

This study investigates how the dual principal-agent problem is associated with stock price crash risk in China … management shareholding ratio and equity restriction ratio on stock price crash risk based on theories including "bad news hiding … ratio and equity restriction ratio lead to higher stock price crash risk for the firm, providing prediction power for future …

This study examines the effect of employee treatment on stock price crash risk based on the framework of stakeholder …-friendly treatment is negatively associated with crash risk. Our empirical findings are robust to multi-way fixed effects, instrumental … variables, alternative proxies for crash risk and employee treatment, and various other approaches to address endogeneity and …