We investigate how a firm's corporate pledgeable asset ownership (CPAO) affects the risk of future stock price crashes. Using pledgeable asset ownership and crash risk data for a large sample of U.S. firms, we provide novel empirical evidence that a firm's risk of a future stock price crash...

In this study, we examine the effects of manager’s perspectives on climate change on stock price crash risk. The analysis confirms that manager’s climate change perspective is negatively associated with future stock price crash risk likelihood. Various channel tests show that investor...