The impact of Bankruptcy Risk on Stock Price Crash Risk by Emphasis on Debt Maturity
Existing studies rely on agency theory to explain management motivations for hiding bad news. However, investors’ irrational beliefs can cause stock prices to fall from their perspective. Whether concealing bad news—meaning a lack of transparency—increases heterogeneity among investors needs to be t...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Ferdowsi University of Mashhad
2025-01-01
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| Series: | Iranian Journal of Accounting, Auditing & Finance |
| Subjects: | |
| Online Access: | https://ijaaf.um.ac.ir/article_44011_368fc11eac2c81c9eaeee23ac12457ce.pdf |
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