Financial regulation and financial market stability: Evidence from stock price crash risk

被引：1
|
作者：
Li, Mengru [1 ]
Huang, Yongjian [1 ]
机构：
[1] Cent Univ Finance & Econ, Sch Finance, Beijing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 69卷
关键词：
NAMR; Stock price crash risk; Financial market stability; Main business performance; Accounting conservatism; OPINION; CONSTRAINTS;
D O I：
10.1016/j.frl.2024.106196
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study finds that New Asset Management Regulations (NAMR) can reduce stock price crash risk, with financial stability enhancement. Furthermore, increased main business performance and accounting conservatism could be the channels through which stock price crash risk is reduced. And this effect is stronger in firms with higher managerial myopia and less analyst coverage.
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收藏
页数：9
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