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Are financially constrained firms susceptible to a stock price crash?
16 references·14 citing·40 second hop
Are financially constrained firms susceptible to a stock price crash? (2022)Are financially constrained firms suscept…Endogeneity and the dynamics of internal corporate governance (2012)Endogeneity and the dynamics …New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)New Evidence on Measuring Fin…Women in the boardroom and their impact on governance and performance☆ (2009)Women in the boardroom and th…Opaque financial reports, R2, and crash risk☆ (2009)Opaque financial reports, R2,…The economic implications of corporate financial reporting (2005)The economic implications of …R2 around the world: New theory and new tests☆ (2005)R2 around the world: New theo…The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …Corporate Governance, Board Diversity, and Firm Value (2003)Corporate Governance, Board D…Conditional Skewness in Asset Pricing Tests (2000)Conditional Skewness in Asset…Corporate governance, chief executive officer compensation, and firm performance (1999)Corporate governance, chief e…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Causes and Consequences of Ea…The Limits of Arbitrage (1995)The Limits of ArbitrageWhy Firms Voluntarily Disclose Bad News (1994)Why Firms Voluntarily Disclos…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…On financial contracting (1979)On financial contractingDoes commercial reform embracing digital technologies mitigate stock price crash risk? (2025)Does commercial reform embrac…Risk disclosure and stock price crash risk: Evidence from Chinese listed firms (2024)Risk disclosure and stock pri…Climate transition risk, environmental news coverage, and stock price crash risk (2024)Climate transition risk, envi…Green finance reform and stock price crash risk: Evidence from Chinese heavily polluting companies (2023)Green finance reform and stoc…Does green bond issuance affect stock price crash risk? Evidence from China (2023)Does green bond issuance affe…Corporate tax avoidance and stock price crash risk: the moderating effects of corporate governance (2023)Corporate tax avoidance and s…Can good ESG performance reduce stock price crash risk? Evidence from Chinese listed companies (2023)Can good ESG performance redu…The unintended consequence of local government debt: evidence from stock price crash risk (2022)The unintended consequence of…Micro-, meso- and macro-level determinants of stock price crash risk: a systematic survey of literature (2022)Micro-, meso- and macro-level…Does online interaction between firms and investors reduce stock price crash risk? (2022)Does online interaction betwe…A Critique of the Agency Theory Viewpoint of Stock Price Crash Risk: The Opacity and Overinvestment Channels (2022)A Critique of the Agency Theo…Macroeconomic Factors and Stock Price Crash Risk: Do Managers Withhold Bad News in the Crisis-Ridden Iran Market? (2021)Macroeconomic Factors and Sto…ESG and Stock Price Crash Risk: Role of Financial Constraints* (2021)ESG and Stock Price Crash Ris…Does Economic Policy Uncertainty Matter for Financial Reporting Quality? Evidence from the United States (2019)Does Economic Policy Uncertai…The determinants and implications of corporate cash holdings (1999)Corporate social responsibility and access to finance (2013)The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2016)Demand for green finance: Resolving financing constraints on green innovation in China (2021)Earnings Management During Import Relief Investigations (1991)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Detecting Earnings Management. (1995)Earnings Management through Real Activities Manipulation (2003)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Gender Diversity in the Boardroom and Firm Financial Performance (2007)Women on Boards and Firm Financial Performance: A Meta-Analysis (2014)Higher market valuation of companies with a small board of directors (1996)Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature (2001)Corporate Governance and Equity Prices (2003)On the use of instrumental variables in accounting research (2009)A model of investor sentiment /CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)The Cross-Section of Expected Stock Returns (1992)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Market Liquidity and Funding Liquidity (2008)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The theory and practice of corporate finance: evidence from the field (2001)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Men and Women of the Corporation. (1978)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Gender Differences in Preferences (2009)The Gender and Ethnic Diversity of US Boards and Board Committees and Firm Financial Performance (2010)Does board gender diversity improve the informativeness of stock prices? (2011)The General Theory of Employment, Interest and Money. (1936)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)
this work references cited by second hop

References

  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 2005The economic implications of corporate financial reporting6,337 cited
  • 2009Women in the boardroom and their impact on governance and performance☆5,744 cited
  • 2010New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index5,574 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 1999Corporate governance, chief executive officer compensation, and firm performance4,334 cited
  • 1996Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC*4,076 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 2003Corporate Governance, Board Diversity, and Firm Value3,367 cited
  • 2012Endogeneity and the dynamics of internal corporate governance3,018 cited
  • 1979On financial contracting2,901 cited
  • 2000Conditional Skewness in Asset Pricing Tests2,837 cited
  • 2005R2 around the world: New theory and new tests☆2,833 cited
  • 2009Opaque financial reports, R2, and crash risk☆2,796 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1994Why Firms Voluntarily Disclose Bad News2,435 cited
  • Cited by

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    • 2019Does Economic Policy Uncertainty Matter for Financial Reporting Quality? Evidence from the United States65 cited
    • 2021Macroeconomic Factors and Stock Price Crash Risk: Do Managers Withhold Bad News in the Crisis-Ridden Iran Market?63 cited
    • 2022A Critique of the Agency Theory Viewpoint of Stock Price Crash Risk: The Opacity and Overinvestment Channels44 cited
    • 2023Corporate tax avoidance and stock price crash risk: the moderating effects of corporate governance33 cited
    • 2024Climate transition risk, environmental news coverage, and stock price crash risk32 cited
    • 2025Does commercial reform embracing digital technologies mitigate stock price crash risk?31 cited
    • 2022Micro-, meso- and macro-level determinants of stock price crash risk: a systematic survey of literature30 cited
    • 2023Green finance reform and stock price crash risk: Evidence from Chinese heavily polluting companies29 cited
    • 2023Does green bond issuance affect stock price crash risk? Evidence from China27 cited
    • 2022The unintended consequence of local government debt: evidence from stock price crash risk25 cited
    • 2024Risk disclosure and stock price crash risk: Evidence from Chinese listed firms19 cited