Stock price crash risk: Review of the empirical literature
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) f...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Wiley-Blackwell Publishing Asia
2017
|
| Online Access: | http://hdl.handle.net/20.500.11937/54576 |
| _version_ | 1848759407078277120 |
|---|---|
| author | Habib, A. Hasan, Mostafa Jiang, H. |
| author_facet | Habib, A. Hasan, Mostafa Jiang, H. |
| author_sort | Habib, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T09:59:23Z |
| format | Journal Article |
| id | curtin-20.500.11937-54576 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:59:23Z |
| publishDate | 2017 |
| publisher | Wiley-Blackwell Publishing Asia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-545762019-02-04T03:00:59Z Stock price crash risk: Review of the empirical literature Habib, A. Hasan, Mostafa Jiang, H. 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. 2017 Journal Article http://hdl.handle.net/20.500.11937/54576 10.1111/acfi.12278 Wiley-Blackwell Publishing Asia restricted |
| spellingShingle | Habib, A. Hasan, Mostafa Jiang, H. Stock price crash risk: Review of the empirical literature |
| title | Stock price crash risk: Review of the empirical literature |
| title_full | Stock price crash risk: Review of the empirical literature |
| title_fullStr | Stock price crash risk: Review of the empirical literature |
| title_full_unstemmed | Stock price crash risk: Review of the empirical literature |
| title_short | Stock price crash risk: Review of the empirical literature |
| title_sort | stock price crash risk: review of the empirical literature |
| url | http://hdl.handle.net/20.500.11937/54576 |