Murata, Rio; Hamori, Shigeyuki - In: Journal of risk and financial management : JRFM 14 (2021) 2/70, pp. 1-20
stock price crash risk. A stock price crash is a dreadful event for market participants. Thus, exploring stock price crash … determinants is helpful for investment decisions and risk management. In this study, we use samples of major market index … findings suggest that ESG disclosures lower future stock price crash risk; however, the effect and predictive power of ESG …