Stock Repurchase and Stock Price Crash Risk

被引：3
|
作者：
Jia, Haibo [1 ]
Zhu, Ying [2 ]
Chen, Xiaodan [3 ]
机构：
[1] North China Univ Technol, Sch Econ & Management, Beijing 100144, Peoples R China
[2] Shanghai Univ Finance & Econ, Sch Publ Econ & Adm, Shanghai 200433, Peoples R China
[3] Hubei Business Coll, Sch Econ, Wuhan 430000, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 60卷
关键词：
Stock repurchase; Stock price crash risk; Investor sentiment; Information transparency; SHARE PLEDGES;
D O I：
10.1016/j.frl.2023.104879
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper selects the data of A-share listed companies in 2021-2021 to investigate the impact of stock repurchase on stock price crash risk. It is found that the implementation of stock repurchase by listed companies can indeed curb the risk of stock price crash; stock repurchase reduces the risk of stock price crash by improving the investor sentiment of individual stocks; and stock repurchase reduces the risk of stock price crash by increasing the information transparency.
引用
收藏
页数：7
相关论文
共 50 条
  • [21] Corporate strategy and stock price crash risk
    Zhao, Zhichao
    Zhang, Yigang
    Tang, Huimin
    Liu, Peng
    Wang, Xiaoran
    Wang, Xizhe
    [J]. FINANCE RESEARCH LETTERS, 2024, 61
  • [22] Customer concentration and stock price crash risk
    Lee, Sang Mook
    Jiraporn, Pornsit
    Song, Hakjoon
    [J]. JOURNAL OF BUSINESS RESEARCH, 2020, 110 : 327 - 346
  • [23] Short interest and stock price crash risk
    Callen, Jeffrey L.
    Fang, Xiaohua
    [J]. JOURNAL OF BANKING & FINANCE, 2015, 60 : 181 - 194
  • [24] ESG Disclosures and Stock Price Crash Risk
    Murata, Rio
    Hamori, Shigeyuki
    [J]. JOURNAL OF RISK AND FINANCIAL MANAGEMENT, 2021, 14 (02)
  • [25] Biodiversity management and stock price crash risk
    Bassen, Alexander
    Buchholz, Daniel
    Lopatta, Kerstin
    Rudolf, Anna R.
    [J]. BUSINESS STRATEGY AND THE ENVIRONMENT, 2024, 33 (05) : 4788 - 4805
  • [26] Vertical interlock and stock price crash risk
    Yang, Chang
    Chen, Xin
    Chen, Xian
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2021, 68
  • [27] Brand Capital and Stock Price Crash Risk
    Hasan, Mostafa Monzur
    Taylor, Grantley
    Richardson, Grant
    [J]. MANAGEMENT SCIENCE, 2022, 68 (10) : 7221 - 7247
  • [28] Generalist CEOs and stock price crash risk
    Fang, Xiaohua
    Girardone, Claudia
    Li, Yiwei
    Zeng, Yeqin
    [J]. JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2024,
  • [29] Internal coalition and stock price crash risk
    Xu, Lin
    Rao, Yulei
    Cheng, Yingmei
    Wang, Jianxin
    [J]. JOURNAL OF CORPORATE FINANCE, 2020, 64
  • [30] Bank deregulation and stock price crash risk
    Viet Anh Dang
    Lee, Edward
    Liu, Yangke
    Zeng, Cheng
    [J]. JOURNAL OF CORPORATE FINANCE, 2022, 72
12345