This paper studies large price declines of individual stocks in 22 emerging markets. Using analyst reports as a proxy for information arrivals, we find that majority of crashes in emerging markets are not accompanied by information events, and these crashes are followed by price reversals....

We survey the burgeoning literature on the determinants of future stock price crash risk in the US, as well as in countries outside the US. Stock price crash risk, a manifestation of extreme negative values in the distribution of firm-specific returns, has attracted considerable research...

This paper investigates the association between related party transactions (RPTs) and stock price crash risk in China. Our investigation is motivated by controversy in the RPT-literature over whether RPTs are value-enhancing or opportunistic. Through the lens of stock price crash risk, we reveal...