Fu, Fanjie; Fang, Jing; Yang, Mei; Yao, Shujie - In: Research in international business and finance 72 (2024) 1, pp. 1-26
This study examines how institutional investor investment horizons impact stock price crash risk for China's A …-share firms from 2007 to 2019. Long-term investments by institutions significantly mitigate risk by curbing managerial myopia … risk. This paper also discusses institutional investor characteristics, such as herding behavior, information competition …