Corporate pledgeable asset ownership and stock price crash risk

Corporate pledgeable asset ownership and stock price crash risk

Abstract We investigate how a firm’s corporate pledgeable asset ownership (CPAO) affects the risk of future stock price crashes. Using pledgeable asset ownership and crash risk data for a large sample of U.S. firms, we provide novel empirical evidence that a firm’s risk of a future stock price crash...

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Bibliographic Details
Main Authors: Hail Jung, Sanghak Choi, Junyoup Lee, Sanggeum Woo
Format: Article
Language:English
Published: SpringerOpen 2022-04-01
Series:Financial Innovation
Subjects:
Asset pledgeability
Stock price crash risk
Endogeneity tests
Information opacity
Online Access:https://doi.org/10.1186/s40854-022-00334-9

Internet

https://doi.org/10.1186/s40854-022-00334-9

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