Financial reporting opacity and expected crash risk: Evidence from implied volatility smirks
The recent financial crisis has stimulated a renewed interest in understanding the determinants of stock price crash risk (i.e., left tail risk). Recent research shows that opaque financial reports enable managers to hide and accumulate bad news for extended periods. When the accumulated bad news re...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1702 https://ink.library.smu.edu.sg/context/soa_research/article/2729/viewcontent/FinancialReportingOpacity_2013_pp.pdf |
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| Institution: | Singapore Management University |
| Language: | English |