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Financial derivatives, opacity, and crash risk: Evidence from large US banks
16 references·16 citing·46 second hopsampled
Financial derivatives, opacity, and crash risk: Evidence from large US banks (2012)Financial derivatives, opacity, and crash…Opaque financial reports, R2, and crash risk☆ (2009)Opaque financial reports, R2,…R2 around the world: New theory and new tests☆ (2005)R2 around the world: New theo…Differences of Opinion, Short-Sales Constraints, and Market Crashes (2003)Differences of Opinion, Short…Rating Banks: Risk and Uncertainty in an Opaque Industry (2002)Rating Banks: Risk and Uncert…Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking (2002)Banks as Liquidity Providers:…Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices (2001)Forecasting crashes: trading …The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)The information content of st…Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry (1996)Who Manages Risk? An Empirica…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…No news is good news (1992)No news is good newsA Modest Proposal for Improved Corporate Governance (1992)A Modest Proposal for Improve…The Determinants of Firms' Hedging Policies (1985)The Determinants of Firms' He…Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation and …Risk measurement when shares are subject to infrequent trading (1979)Risk measurement when shares …The option pricing model and the risk factor of stock (1976)The option pricing model and …Managing crash risks through supply chain transparency: evidence from China (2024)Managing crash risks through …Environmental engagement and stock price crash risk: Evidence from the European banking industry (2023)Environmental engagement and …Bank opacity, systemic risk and financial stability (2023)Bank opacity, systemic risk a…Micro-, meso- and macro-level determinants of stock price crash risk: a systematic survey of literature (2022)Micro-, meso- and macro-level…Financial derivatives, analyst forecasts, and stock price synchronicity: Evidence from an emerging market (2022)Financial derivatives, analys…Does economic policy uncertainty affect bank earnings opacity? Evidence from China (2021)Does economic policy uncertai…Are contingent convertibles going-concern capital? (2019)Are contingent convertibles g…How does banking market power affect bank opacity? Evidence from analysts' forecasts (2018)How does banking market power…Derivative accounting and financial reporting quality: A review of the literature (2018)Derivative accounting and fin…How do derivative securities affect bank risk and profitability? 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References

  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1984Financial Intermediation and Delegated Monitoring8,393 cited
  • 2000The information content of stock markets: why do emerging markets have synchronous stock price movements?3,332 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 2005R2 around the world: New theory and new tests☆2,833 cited
  • 2009Opaque financial reports, R2, and crash risk☆2,796 cited
  • 1992A Modest Proposal for Improved Corporate Governance2,776 cited
  • 1979Risk measurement when shares are subject to infrequent trading2,767 cited
  • 1992No news is good news1,929 cited
  • 2001Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices1,918 cited
  • 2002Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking1,447 cited
  • 1996Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry1,432 cited
  • 2003Differences of Opinion, Short-Sales Constraints, and Market Crashes1,356 cited
  • 2002Rating Banks: Risk and Uncertainty in an Opaque Industry

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1,244 cited
  • 1976The option pricing model and the risk factor of stock1,239 cited
  • Cited by

    • 2014The use of financial derivatives and risks of U.S. bank holding companies53 cited
    • 2016Social trust and foreign ownership: Evidence from qualified foreign institutional investors in China50 cited
    • 2017Determinants of risk in the banking sector during the European Financial Crisis43 cited
    • 2023Environmental engagement and stock price crash risk: Evidence from the European banking industry42 cited
    • 2016The attenuation effect of social media: Evidence from acquisitions by large firms41 cited
    • 2018Derivative accounting and financial reporting quality: A review of the literature39 cited
    • 2021Does economic policy uncertainty affect bank earnings opacity? Evidence from China38 cited
    • 2018How does banking market power affect bank opacity? Evidence from analysts' forecasts37 cited
    • 2022Financial derivatives, analyst forecasts, and stock price synchronicity: Evidence from an emerging market35 cited
    • 2017How do derivative securities affect bank risk and profitability?33 cited
    • 2015The impact of macroeconomic and financial stress on the U.S. financial sector31 cited
    • 2019Are contingent convertibles going-concern capital?31 cited
    • 2022Micro-, meso- and macro-level determinants of stock price crash risk: a systematic survey of literature30 cited
    • 2016Bank regulation, financial crisis, and the announcement effects of seasoned equity offerings of US commercial banks27 cited
    • 2023Bank opacity, systemic risk and financial stability27 cited
    • 2024Managing crash risks through supply chain transparency: evidence from China25 cited