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CEO Overconfidence and Stock Price Crash Risk
Kim, Jeong-bon - 2020
This study examines the association between chief executive officer (CEO) overconfidence and future stock price crash risk. Overconfident managers overestimate the returns to their investment projects and misperceive negative net present value (NPV) projects as value creating. They also tend to...
Persistent link: https://www.econbiz.de/10012856930
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Fair value reclassifications of financial assets during the financial crisis
Bischof, Jannis; Brüggemann, Ulf; Daske, Holger - 2012
abandoning fair value recognition for selected financial assets. Using a comprehensive global sample of publicly listed IFRS … reclassifying banks do not fully comply with the accompanying IFRS 7 requirements. These banks experience a significant increase in … bid-ask spreads in the long run. -- Bank Regulation ; Fair Value Accounting ; Financial Crisis ; IAS 39 ; IFRS 7 …
Persistent link: https://www.econbiz.de/10009487337
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Accounting conservatism and firm value : evidence from the global financial crisis
Watts, Ross L.; Zuo, Luo - 2011 - Current version: November 2011
This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global financial crisis. Using a differences-in-differences design, we find that firms with less conservative financial reporting experienced a sharper decline in investment activity following...
Persistent link: https://www.econbiz.de/10009579601
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The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis
Balakrishnan, Karthik - 2016
This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global financial crisis. Using a differences-in-differences design, we find that firms with less conservative financial reporting experienced a sharper decline in investment activity following...
Persistent link: https://www.econbiz.de/10012987650
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GFC-Robust Risk Management Strategies under the Basel Accord
McAleer, Michael - 2010
VaR forecasts of a set of conditional volatility models. This risk management strategy is GFC-robust in the sense that …
Persistent link: https://www.econbiz.de/10013137384
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Everybody's Doing it : Short Volatility Strategies and Shadow Financial Insurers
Bhansali, Vineer - 2020
The extraordinary growth of short volatility strategies creates risks that may trigger the next serious market crash. A … low yield, low volatility environment has drawn various market participants into essentially similar short volatility … risks that they would pose if everyone unwinds simultaneously. Volatility selling investors essentially provide “shadow …
Persistent link: https://www.econbiz.de/10012853450
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Analyzing overnight momentum transmission : the impact of oil price volatility on global financial markets
Alqaralleh, Huthaifa - In: International Journal of Financial Studies : open … 12 (2024) 3, pp. 1-22
the transmission of volatility, particularly in the tails of the distribution, and highlights the necessity for efficient …
Persistent link: https://www.econbiz.de/10015101738
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Tone Management and Stock Price Crash Risk
Reichmann, Doron Torben - 2022
In this study, we examine whether and how tone management affects future stock price crash risk, measured as the conditional skewness of firm-specific returns. We document a positive relationship between tone management and one-year-ahead crash risk. The relationship is more pronounced for firms...
Persistent link: https://www.econbiz.de/10013294748
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Predicting Firm-Specific Stock Price Crashes
Reichmann, Doron; Reichmann, Milan - 2022
In this study, we examine the predictability of firm-specific stock price crashes using modern machine learning techniques and develop a crash prediction model that utilizes both financial ratios and textual data from the Management Discussion and Analysis (MD&A) of 10-K files. We show that...
Persistent link: https://www.econbiz.de/10013295516
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Pursuing Financial Stability under the Guise of Decision Usefulness? An Analysis of the IFRS 9 Expected Credit Loss Model in Light of the Public Interest
Orthaus, Selina - 2019
interest by developing standards which produce decision useful information for capital providers. Thereby, IFRS are assumed to … paper takes the introduction of the expected credit loss model in IFRS 9 as a case to study the validity of the causalities … letters, and public discourses surrounding the drafting process of IFRS 9. We argue that the ex-ante-recognition of day-1 …
Persistent link: https://www.econbiz.de/10012860714