convexity results in a 21% increase in a firm's crash risk after controlling for managerial price-increasing incentives. In … positive jump risk. We exploit an exogenous shock to compensation convexity, arising from a change in the expensing treatment … suggest that managerial equity compensation portfolios do not augment a firm's future idiosyncratic crash risk because they …

curtailing stock price crash risk. Supporting this prediction, we find a negative relation between the equity incentive … heterogeneity of the executive team and stock price crash risk. Our strong, robust evidence implies that this equity incentive …, we show that the impact of equity incentive heterogeneity on crash risk is stronger for firms experiencing severe agency …

relationship between short-term changes in financial distress risk and future stock price crashes. This result is economically …-fixed effect estimations, and alternative definitions of distress and crash risk measures; they are also robust to a range of tests …-crash risk relationship is driven by managerial opportunism that seeks to camouflage bad news that has an adverse effect on firms …

We examine whether corporate accessibility to outside market participants can mitigate stock price crash risk in a weak … firms have a lower stock price crash risk than inaccessible firms, and that this effect increases with firms' geographic …

crash risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after … controlling for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by acting as a … CEO marriage on crash risk is more pronounced among firms with weaker corporate governance and those run by male, younger …

risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after controlling … for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by curbing bad news … hoarding and formation activities. Moreover, the attenuating impact of CEO marriage on crash risk is more pronounced among …

crash risk. Using a measure that explicitly accounts for the length of stock and option grant vesting terms (Gopalan et al …. 2014, 2021), we find that longer CEO equity incentive duration reduces investors’ perceived crash risk, gauged by the … from investors, which reduces a firm’s expected crash risk …

incentive structure of a management team affects firm-level stock price crash risk. Using a large sample of S&P 1500 firms over … related to future crash risk. However, the positive relation is moderated by management team incentive heterogeneity, measured … heterogeneity on crash risk is more pronounced when the firms have weaker internal corporate governance, less institutional investor …

This paper investigates how the disclosure tone of earnings conference calls predicts future stock price crash risk … pessimistic tone during the current year-end call experience higher stock price crash risk in the coming year. Additional analyses … extreme future downside risk where managers may have incentives to communicate truthfully and disclose bad news …

-specific crash risk. Our main research hypothesis postulates that further information disclosure about ESG activities and risks … should contribute to a decline in crash risk owing to lower opacity and information asymmetry between managers and outside … lowers (future) firm-specific crash risk. The results are robust to different model specifications employed by previous …