This paper examines the relationship between modern health pandemic crises and financial stability. Specifically, it collects data on 250,223 firms in 43 countries (or regions) during five modern pandemic crises, SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016), and finds...

This research examine the effects of information disclosure ratings on firm-specific stock price crash risk. We present evidence that there is a statistically significant negative relationship between stock price crash risk and information disclosure ratings. Our evidence further shows that the...