Habib, AhsanHasan, Mostafa MonzurJiang, Haiyan2018-05-2220172018-05-222017Habib, 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.122780810-5391https://hdl.handle.net/10289/11855We survey the burgeoning literature on the determinants and consequences of firm‐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.application/pdfenThis is an author’s accepted version of an article published in the journal: Accounting & Finance. © 2017 AFAANZ.Journal Article10.1111/acfi.12278