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...
Saved in:
| Main Authors: | , |
|---|---|
| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2014
|
| 主題: | |
| 在線閱讀: | 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 |
| 標簽: |
添加標簽
沒有標簽, 成為第一個標記此記錄!
|