stress fluctuations. These findings underline the need for effective risk management strategies in the financial sector to …

Previous studies rarely discuss the effect of margin trading on future stock price crash risk, though margin trading is … crash risk. Our empirical results show that neither margin-buying activity nor margin debt are associated with future crash … risk, rejecting mechanisms of both “liquidity provision” and “fire sales”. In contrasts, stocks with more margin …

This paper investigates the effect of economic policy uncertainty (EPU) on the systemic risk of the fintech industry …. To achieve this goal, we first estimate the evolution of system-wide systemic risk using the Catastrophic Risk in the … coherence approaches, to examine whether EPU significantly affects systemic risk. Our findings demonstrate that the systemic …

Preventing systemic risk from the perspective of bank risk accumulation has been widely researched and supported. This … study focuses on the impact of economic volatility on bank risk accumulation and systemic risk. Using the proportion of non …-core liabilities as the bank's risk accumulation index, we show that low economic volatility increases bank risk accumulation but …

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 …

stock crash risk is supported by multiple approaches, including propensity score matching and entropy balancing analysis …

We find that powerful chief executive officers (CEOs) are associated with higher crash risk. The positive association … between CEO power and crash risk holds when controlling for earnings management, tax avoidance, chief executive officer …. The association between powerful CEOs and higher crash risk is mostly evident among firms with higher sensitivity of CEO …

We examine how a firm's operational slack is associated with current income and future stock price crash risk. By doing … Slack, which is based on excess working capital, is associated with higher current profits and higher future crash risk …, general, and administrative expenses, is associated with lower current income and lower future crash risk. This evidence is …

Previous studies rarely discuss the effect of margin trading on future stock price crash risk, though margin trading is … crash risk. Our empirical results show that neither margin-buying activity nor margin debt are associated with future crash … risk, rejecting mechanisms of both “liquidity provision” and “fire sales”. In contrasts, stocks with more margin …

We investigate whether the presence of major corporate customers affects firm stock price crash risk. Using data on a … large sample of U.S. firms, we find that firms with a more concentrated customer base have a higher stock price crash risk …. Further, we show an amplified effect of customer concentration on crash risk for firms that attach more importance to customer …