In this study, we investigate the relationship between environmental, social, and governance (ESG) disclosures stock price crash risk. A is a dreadful event for market participants. Thus, exploring determinants helpful investment decisions risk management. use samples of major index components in Europe, United States, Japan to perform regression analyses, after controlling other potential dete...

Abstract We empirically capture boardroom backscratching, or cronyism, as when a firm's Chief Executive Officer (CEO) and directors concurrently receive excessive remuneration. argue that backscratching can inhibit board's constructive criticism monitoring, resulting in greater likelihood of bad news hoarding. Using 14,104 US firm‐year observations spanning 1999–2020, we document significant po...

The present study aims to investigate the relationship between comparability of financial reports and negative coefficient of skewness of firm-specific monthly returns. In this study, to measure the financial statements comparability, De Franco et al. (2012) model is employed. Sample includes the 425 firm-year observations from companies listed on the Tehran Stock Exchange during the years 2013...

The purpose of this study is to explain the relationship between the comparability of financial statements as a qualitative financial reporting feature with the expected risk of stock price crash. The statistical population of this research includes all companies admitted to Tehran Stock Exchange. In order to achieve the research goal, 81 companies were selected for the period between 2010 and ...