Stock price crash risk: review of the empirical literature

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dc.contributor.authorHabib, Ahsanen_NZ
dc.contributor.authorHasan, Mostafa Monzuren_NZ
dc.contributor.authorJiang, Haiyanen_NZ
dc.date.accessioned2018-05-22T21:23:26Z
dc.date.available2017en_NZ
dc.date.available2018-05-22T21:23:26Z
dc.date.issued2017en_NZ
dc.description.abstractWe survey the burgeoning literature on the determinants and consequences of firmā€specific future stock price crash risk. We synthesise a vast body of literature on the determinants of crash risk, identify weaknesses, and offer future research opportunities. We categorise the determinants into: (i) financial reporting and corporate disclosures, (ii) managerial incentives and managerial characteristics, (iii) capital market transactions, (iv) corporate governance mechanisms, and (v) informal institutional mechanisms. Despite a large body of research into the determinants of crash risk, very little research attention has been directed towards understanding the consequences of stock price crash.
dc.format.mimetypeapplication/pdf
dc.identifier.citationHabib, A., Hasan, M. M., & Jiang, H. (2017). Stock price crash risk: review of the empirical literature. Accounting & Finance, online. https://doi.org/10.1111/acfi.12278en
dc.identifier.doi10.1111/acfi.12278en_NZ
dc.identifier.issn0810-5391en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/11855
dc.language.isoen
dc.publisherWileyen_NZ
dc.relation.isPartOfAccounting & Financeen_NZ
dc.rightsThis is an authorā€™s accepted version of an article published in the journal: Accounting & Finance. Ā© 2017 AFAANZ.
dc.titleStock price crash risk: review of the empirical literatureen_NZ
dc.typeJournal Article
dspace.entity.typePublication
pubs.publication-statusPublished onlineen_NZ
pubs.publisher-urlhttp://onlinelibrary.wiley.com/doi/10.1111/acfi.12278/fullen_NZ
pubs.volumeonlineen_NZ
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