The study, through the practical data of the factors that influencing the level of information disclosure as well as the impact of this disclosure level on the business operations of listed companies confirms that, by increasing the voluntary disclosure of information, enterprises can reduce...

This paper documents that policy uncertainty reduces future stock price crash risk. Our tests show that this negative relation is more pronounced among firms with more short-sale constraints, with no actively traded credit default swap contracts, or with higher firm-level political risks. The...