Dinh, Ngoc Bao; Tran, Hy Nguyen Song - In: Cogent Business & Management 10 (2023) 3, pp. 1-14
This research examines whether stock liquidity affects the crash risk of stock price for companies listed on the …) and the Hanoi Stock Exchange (HNX) from 2010 to 2022, we find that stock liquidity has a negative impact on stock price … crash risk. Our findings are consistent with governance theory, which considers stock liquidity as a governance mechanism to …