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Alumni network, CEO turnover, and stock price crash risk : evidence from China

Liu, Jing - In: Cogent economics & finance 10 (2022) 1, pp. 1-25

environment is weak, that is, a sound legal environment can effectively prevent the opportunistic behavior of managers. Besides …

Persistent link: https://www.econbiz.de/10013393583

An Empirical Analysis of IPOs and SEOs : Evidence from the Chinese Stock Markets

Xu, Tianxiang - 2015

Persistent link: https://www.econbiz.de/10013013478

CEO Duality and Stock Price Crash Risk : Evidence from China

Chen, Xiding - 2017

This study explores the influences of CEOs' dual roles (a single individual serving as both CEO and board chair) on future stock price crash risk. CEO duality magnifies managerial incentive and ability to overstate performance and hide bad news from investors, which increases stock price...

Persistent link: https://www.econbiz.de/10012970666

CEO Power and Stock Price Crash Risk in China : Do Female Directors’ Critical Mass and Ownership Structure Matter?

Shahab, Yasir; Ntim, Collins G.; Ullah, Farid; Chen, Yugang - 2021

This study investigates how CEO power is associated with stock price crash risk. We further examine the moderating roles of female directors’ critical mass and ownership structure on the relationship between CEO power and stock price crash risk. Employing one of the largest datasets to-date of...

Persistent link: https://www.econbiz.de/10013246453

Managerial Ownership and Stock Price Crash Risk : Evidence from China

Chen, Xiding - 2016

sample of China's listed firms for the period 2004-2014, we find managerial ownership is significantly and positively related …

Persistent link: https://www.econbiz.de/10012977643

Visible Hands : Professional Asset Managers' Expectations and the Stock Market in China

Ammer, John; Rogers, John H.; Wang, Gang; Yu, Yang - 2023

investment and in turn the effects on prices. Using novel data on China's mutual fund managers' growth expectations, we show that …We study how professional fund managers' growth expectations affect the actions they take with respect to equity … pessimistic managers decrease equity allocations and shift away from more-cyclical stocks. We identify a strong short-run causal …

Persistent link: https://www.econbiz.de/10014255021

The Effect of CEO Departure on Target Firms’ Post-Takeover Performance : Evidence from Not-Delisting Target Firms

Demirtas, Gul - 2016

Using a sample of target firms that do not delist from the stock market after a majority takeover, we investigate the effect of the target CEO's departure on their firms' subsequent financial performance. We find that CEO departures have a positive effect on the target firms' long-run operating...

Persistent link: https://www.econbiz.de/10013003124

Corporate Fraud Risk and Stock Market Performance

Jaroszek, Lena - 2019

We investigate the impact of fraud risk - measured by the probability for earnings overstatements - on a firm's future stock market performance. Based on an out-of-sample estimation of individual firms' fraud risk, we find that stocks with higher fraud risk earn significantly lower stock market...

Persistent link: https://www.econbiz.de/10012904134

Is a CEO turnover good or bad news?

Kind, Axel; Schläpfer, Yves - 2010

To gain insights about the quality of boards' firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand-collected sample of 208 "clean'' turnover events between January 1998 and June 2009. Unlike the majority of previous...

Persistent link: https://www.econbiz.de/10009008304

Executive Compensation and Informed Trading in Acquiring Firms Around Merger Announcements

Schweizer, Denis - 2015

This paper analyzes informed trading in acquiring firms through (stock) merger announcements. We show that pre-announcement abnormal option volumes in acquiring firms strongly increase ahead of a stock merger (by approximately 300%). Furthermore, we show that the direction of option trades (puts...

Persistent link: https://www.econbiz.de/10013028075