Managerial ability, investment efficiency and stock price crash risk

QR Code

Managerial ability, investment efficiency and stock price crash risk

We examine empirically the effect of managerial ability on firm-level investment efficiency and how this affects future stock price crash risk. Using a managerial ability measure developed by Demerjian et al. (2012), the paper documents consistent evidence that the more able managers over-invest com...

Full description

Bibliographic Details
Main Authors:	Habib, A., Hasan, Mostafa
Format:	Journal Article
Published:	J A I Press 2017
Online Access:	http://hdl.handle.net/20.500.11937/56838

Similar Items

Business strategy, overvalued equities, and stock price crash risk
by: Habib, A., et al.
Published: (2017)

Auditor-provided tax services and stock price crash risk
by: Habib, A., et al.
Published: (2015)

Stock price crash risk: Review of the empirical literature
by: Habib, A., et al.
Published: (2017)

Stock price crash risk: evidence from China
by: Wang, Meng
Published: (2021)

Readability of Narrative Disclosures in 10-K Reports: Does Managerial Ability Matter?
by: Hasan, Mostafa
Published: (2018)

Corporate Financialization and Stock Price Crash Risk: Evidence From China’s Listed Companies
by: Liu, Tingge
Published: (2022)

Corporate tax avoidance and stock price crash risk: the moderating effects of corporate governance
by: Thai, Hanh Minh, et al.
Published: (2025)

The impact of management overconfidence on the risk of stock price crash -- Evidence from Chinese listed companies
by: WANG, SHURONG
Published: (2022)

Heterogeneous political connections and stock price crash risk: evidence from the post-Najibnomics Malaysian economy
by: Tan, Kang Wan
Published: (2023)

Corporate diversification, board diversity and stock-price crash risk: Evidence from publicly listed firms in Malaysia
by: Lee, Kian Tek *, et al.
Published: (2019)

ESG uncertainty, investor attention and stock price crash risk in China: evidence from PVAR model analysis
by: Yu, Danni, et al.
Published: (2024)

Stock prices and dynamics of aggregate investment: evidence from Malaysia
by: Ibrahim, Mansor
Published: (2008)

Oil Price Risk and Stock Markets
by: NIU, HUI
Published: (2012)

Price efficiency of stock index futures contracts: are there any arbitrage opportunities?
by: Ramadilli Mohd, Shamsher Mohamad, et al.
Published: (2000)

Bank efficiency and the efficient market hypothesis: the case for bank stock prices in KLSE
by: Habibullah, Muzafar Shah, et al.
Published: (2005)

Asset‐light strategy, managerial ability, and corporate performance of the Asian telecommunications industry
by: Wang, Wei-Kang, et al.
Published: (2020)

Market Risk Disclosures and Investment Efficiency: International Evidence from the Gulf Cooperation Council Financial Firms
by: Al-Hadi, Ahmed, et al.
Published: (2016)

Earnings Announcements and Stock Price Behaviour: An Event Study on the Efficiency of India’s Stock Market
by: Sharma, Pranav
Published: (2013)

Is Stock Market Crash Predictable? The Case Study of Stock Markets in Malaysia, Indonesia, Korea and Singapore
by: Ng, Ho Keng
Published: (2008)

Relationship among capital structure, managerial ability, firm age and shareholders return in Malaysia
by: Matemilola, Bolaji Tunde
Published: (2015)

Diversification And Firm Value: Analysing The Role Of Managerial Ability, Corporate Governance And Ceo Characteristics
by: Lee, Chyn Hwa
Published: (2023)

Estimation of value at risk for stock prices in mobile phone industry
by: Shinyie, W. L., et al.
Published: (2021)

Do Islamic Banks Outperform Commercial Banks? Longitudinal Managerial and Profitability Efficiencies and Risk Management
by: Qian, Long Kweh, et al.
Published: (2014)

The Impact of Stock Mispricing on Corporate Investment Efficiency. Evidence from the UK Market.
by: Peng, Xin
Published: (2020)

Firm life cycle, corporate risk-taking and investor sentiment
by: Habib, A., et al.
Published: (2015)

Managerial overconfidence, earnings management and the Global Financial Crisis
by: Habib, A., et al.
Published: (2012)

Evaluation Of Higher Moment Capital Asset Pricing Model And Stock Market Technical Efficiency With Stochastic Frontier Approach
by: Hasan, Md. Zobaer
Published: (2014)

The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan
by: Ting, Irene Wei Kiong, et al.
Published: (2021)

Investment Committee Characteristics and Investment Efficiency
by: Alhadi, A., et al.
Published: (2017)

Insider trading on the UK stock market: information contents and managerial incentives
by: Ajlouni, Moh'd Mahmoud
Published: (2004)

Risk Committee, Firm Life Cycle, and Market Risk Disclosures
by: Hadi-Al, A., et al.
Published: (2015)

Oil Price Fluctuations and Stock Price Volatility in Southeast Asian Stock Markets
by: Ng, Yuen Yein
Published: (2015)

The linkage between the world oil price and Chinese energy-related stock price: Implications for risk management
by: Wen, Xiaoqian
Published: (2015)

Bank loan quality and managerial ability in the US: Do crises matter? / B M Hasanul Banna
by: B M Hasanul , Banna
Published: (2017)

The crash expert
by: Chen, Grace
Published: (2012)

Contribution of sell-side equity analyst reports to client’s return and stock price efficiency: Indonesia stock market evidence
by: Ekaputra, Irwan Adi, et al.
Published: (2013)

Crash and injury characteristics of riders in motorcycle-passenger vehicle crashes
by: Zainal Abidin, Ahmad Noor Syukri, et al.
Published: (2018)

R&D investment and future firm performance: The role of managerial overconfidence and government ownership
by: Tebourbi, Imen, et al.
Published: (2020)

Financial Integration And International Asset Pricing Of Asean-5 Stock Markets: The Pricing Of Global, Regional And Currency Risk
by: Janor, Hawati
Published: (2009)

An Investigation Of The Oil Price Risk Factor And Macroeconomics Variables In The Asean Stock Market
by: Ansarifar, Alireza
Published: (2009)