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This study explores the effect of managerial overconfidence on the risk of a stock price crash. Results indicate that managerial overconfidence positively affects stock price crash risk. Importantly, internal controls can reduce this risk by curbing managerial overconfidence.
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This paper investigates the relationship between female CEOs and insolvency risk of U.S. property-casualty insurance companies. We show that female CEOs are associated with lower insurer insolvency propensity, higher z-score, and lower standard deviation of return on assets. These findings are...
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and two Zhuang) at a local university in Southwestern China experience multilingualism and ethnic identities (de …
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in these markets? Based on a sample consisting of a total of 102 firms that have been quoted on China’s New Third Board … a gap in China’s VC cycle.  …
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This paper aims to examine the impacts of oil-price shocks on China's price levels. To that end, we develop a partial …-through mechanism during oil-price shocks. Using the models of both China and the U.S., we separate the impact of price control from … those of other factors leading to China's price stickiness under oil-price shocks. The results show a sharp contrast between …
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