Stock price crash risk: Review of the empirical literature
Access Status
Authors
Date
2017Type
Metadata
Show full item recordCitation
Source Title
ISSN
School
Collection
Abstract
We 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.
Related items
Showing items related by title, author, creator and subject.
-
La, Quang Ngoc (2011)Injury due to road traffic crash is a major cause of ill health and premature death in developing countries for adult men aged 15-44 years. Previous studies have focused on different road user groups, such as pedestrians, ...
-
La, Q.; Lee, Andy; Meuleners, Lynn; Duong, D. (2013)Bus provides a main mode of public transport in Vietnam, but the risk of road traffic crash for bus drivers is unknown. This retrospective study estimated the crash prevalence among bus drivers in Hanoi, Vietnam, and ...
-
Meuleners, Lynn; Fraser, Michelle; Govorko, M.; Stevenson, M. (2015)Objective: To determine the association between a heavy vehicle driver's work environment, including fatigue-related characteristics, and the risk of a crash in Western Australia. Methods: This case–control study included ...