Ownership Structure and Stock Price Crash Risk: Evidence from China

Authors

  • Wenlian Gao Dominican University
  • Qiannan Li Beijing Bank, PR China
  • Anne Drougas Dominican University

Keywords:

Business, Economics, Finance, Stock Price

Abstract

This paper examines how corporate ownership concentration affects stock price crash risk in Chinese listed firms. Results show that ownership concentration is negatively associated with firm-specific crash risk and this negative relation is robust against difference-in-difference test. Further evidence demonstrates that the negative relation between ownership concentration and stock price crash risk is more pronounced in privately held firms than in state-owned firms.

Downloads

Published

2017-07-01

How to Cite

Gao, W., Li, Q., & Drougas, A. (2017). Ownership Structure and Stock Price Crash Risk: Evidence from China. Journal of Applied Business and Economics, 19(4). Retrieved from https://mail.articlegateway.com/index.php/JABE/article/view/715

Issue

Section

Articles