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Management Background Characteristics and Stock Price Crash Risk
https://doi.org/10.18999/ecos.68.1.1
https://doi.org/10.18999/ecos.68.1.1ebad96dd-dbb5-461e-8c46-31ebf671c0a9
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
01_fang-fang_semba-hu-dan_li-jingchan.pdf (816.8 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2020-07-10 | |||||
| タイトル | ||||||
| タイトル | Management Background Characteristics and Stock Price Crash Risk | |||||
| 言語 | en | |||||
| 著者 |
FANG, Fang
× FANG, Fang× SEMBA, Hu Dan× LI, Jingchan |
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| アクセス権 | ||||||
| アクセス権 | open access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Management Background Characteristics | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Stock Price Crash Risk | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Accounting Conservatism | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Investment Efficiency | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Internal Control | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | Taking A-share listed companies in the Shanghai and Shenzhen stock markets from 2011 to 2015 as samples, this study examines the relationship between the management background characteristics and stock price crash risk. There was found to be a significant negative correlation between the age of the Chairman and the stock price crash risk. With the increase of the Chairman's age, the stock price crash risk was significantly reduced, but education level and gender were not found to significantly impact stock price crash risk. Further examination of the impact mechanism revealed that corporate investment behavior and internal control activities played a "bridge role" in the impact of Chairman's age on stock price crash risk. In addition, the "substitution effect" between Chairman's age and accounting conservatism was also found to be a factor in the relationship with stock price crash risk. On one hand, this study deepens the research on the influencing factors of stock price crash risk, and on the other hand, it sheds light on the economic consequences of the management background characteristics in enterprise activities. | |||||
| 言語 | en | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | This research is supported by the National Natural Science Foundation of China (71603028), and JSPS KAKENHI Grant (16KK0078). | |||||
| 言語 | en | |||||
| 出版者 | ||||||
| 出版者 | 名古屋大学大学院経済学研究科 | |||||
| 言語 | ja | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 出版タイプ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| ID登録 | ||||||
| ID登録 | 10.18999/ecos.68.1.1 | |||||
| ID登録タイプ | JaLC | |||||
| ISSN（print） | ||||||
| 収録物識別子タイプ | PISSN | |||||
| 収録物識別子 | 0022-9725 | |||||
| ISSN（Online） | ||||||
| 収録物識別子タイプ | EISSN | |||||
| 収録物識別子 | 2434-5741 | |||||
| 書誌情報 |
ja : 経済科学 巻 68, 号 1, p. 1-18, 発行日 2020-06 |
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| 著者版フラグ | ||||||
| 値 | publisher | |||||
