Wang, Jia; Meric, Gulser; Liu, Zugang; Meric, Ilhan - In: Journal of Banking & Finance 33 (2009) 9, pp. 1563-1574
A number of studies have investigated the causes and effects of stock market crashes. These studies mainly focus on the factors leading to a crash and on the volatility and co-movements of stock market indexes during and after the crash. However, how a stock market crash affects individual...