risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after controlling … for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by curbing bad news … hoarding and formation activities. Moreover, the attenuating impact of CEO marriage on crash risk is more pronounced among …

crash risk. Using a measure that explicitly accounts for the length of stock and option grant vesting terms (Gopalan et al …. 2014, 2021), we find that longer CEO equity incentive duration reduces investors’ perceived crash risk, gauged by the … from investors, which reduces a firm’s expected crash risk …

incentive structure of a management team affects firm-level stock price crash risk. Using a large sample of S&P 1500 firms over … related to future crash risk. However, the positive relation is moderated by management team incentive heterogeneity, measured … heterogeneity on crash risk is more pronounced when the firms have weaker internal corporate governance, less institutional investor …

; Spread Decomposition Models ; Adverse Selection Risk …

A conditional asset pricing model with risk and uncertainty implies that the time-varying exposures of equity … portfolios to the market and uncertainty factors carry positive risk premiums. The empirical results from the size, book … that equity portfolios that are highly correlated with economic uncertainty proxied by the variance risk premium (VRP …

From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive … relation has roots in fundamentals as higher market risk predicts greater idiosyncratic earnings volatility and as firm …

This paper employs weighted least squares to examine the risk-return relation by applying high-frequency data from four … returns and expected risk. However, by using quantile regressions, we find that the risk-return relation moves from negative … to positive as the returns’ quantile increases. A positive risk-return relation is valid only in the upper quantiles. The …

mean to be negative. The more idiosyncratic is a fund's risk, the more difficult it is to make a copycat issue and the …

This paper determines whether the world market risk, country-specific total risk, and country-specific idiosyncratic … risk are priced in an international capital asset pricing model (ICAPM). The paper also tests if the price of risk …, stacked time-series, and pooled panel regressions indicate that the world market risk is not, but country-specific total and …