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....

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...