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.
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页数：7
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