Debt and stock price crash risk in weak information environment

Meng Wang, Miao Han, Wei Huang

    Research output: Journal PublicationArticlepeer-review

    6 Citations (Scopus)

    Abstract

    We document that stock price crash risk is negatively associated with the level of debt financing by listed Chinese firms. This finding indicates that creditor monitoring reduces bad news hoarding in China's weak information environment.

    Original languageEnglish
    Article number101186
    JournalFinance Research Letters
    Volume33
    DOIs
    Publication statusPublished - Mar 2020

    Keywords

    • China
    • Debt
    • Stock crash risk

    ASJC Scopus subject areas

    • Finance

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