Stock price crash risk is very serious in China's capital market, which seriously harms the interests of investors and resource allocation efficiency market. However, there limited evidence on determinants stock China, especially from perspective informal institutions. Using a corporate level dataset Chinese listed companies, this paper aims to study effect media coverage moderate investor prot...

Numerous studies have shown the prevalence of overconfidence among Chief Financial Officers (CFOs). Surprisingly, real effect CFO is under-researched. Using data from a large sample US-listed firms over period 1993–2019 and adopting an eclectic theoretical approach, we find that overconfident CFOs are more likely to increase stock price crash risk than non-overconfident through risk-taking bad ...

We examine the effect of corporate environmental innovation (hereafter eco-innovation) on stock price crash risk and document a significant negative association. Utilising large sample publicly listed U.S. firms for period 2003 to 2017, we find that an increase in eco-innovation from 25th 75th percentile is associated with 17.62% reduction risk. This outcome remains robust variety sensitivity t...