Firm-specific investor sentiment and stock price crash risk

Supervisory capability of supervisor board, incentives to supervisor board, and stock price crash risk

“…For example, executives may exaggerate the company's surplus level for promotion and salary increase (Chen et al., 2015), or manipulate the stock price to obtain short‐term option exercise income, or blindly carry out over investment and related mergers and acquisitions for personal fame and power. Benmelech and Kandel (2010) found that the equity incentives for management induce manages to hide negative news that is not conducive to the growth of option value, and managers will formulate corresponding investment strategies to hoard negative news, which increases the stock price crash risk. Kim et al.…”

Information disclosure of COVID-19 specific medicine and stock price crash risk in China

“…Due to information asymmetry, the existence of the principal-agent problem, that is, the interests of shareholders and managers are not completely consistent, induces managers to pursue personal interests. Thereby the executives’ negative news hoarding will cause the stock price to fall ( Jin and Myers, 2006 ; Kim et al, 2011 ; Piotroski et al, 2015 ; Fu et al, 2021 ). Similarly, due to information asymmetry, when exaggerated positive information disclosure exceeds the company's threshold for its value, the company's stock price will be higher than the company's value ( Zhao et al, 2020 ; Solomon, 2012 ).…”

Analisis Dampak Rasio Keuangan Perusahaan Terhadap Harga Saham Pada Perusahaan Yang Tercatat Pada Jii

“…Pasar modal merupakan pasar dalam berinvestasi pada suatu Negara. Dalam melakukan investasi investor membutuhkan informasi mengenai harga saham (Fu et al, 2020). Investasi dalam prinsip syariah juga sangat mengiurkan dalam menanamkan modal karena tidak kalah menguntungkan jika dibandingkan dengan kinerja rata rata saham pada umumnya.…”