2019

许荣——《经济与政治研究》:Research on the influence of equity pledge on stock price crash risk: based on financial shock of 2015 stock market crisis

时间:2019-11-15
The 2015 Chinese stock market crisis triggered liquidation because of equity pledge so that the leverage effect of the small probability event with severe results got intensive attention from investors. It is found that the effects of equity pledge on stock price crash risk reversed significantly before and after the 2015 stock market crisis. In the mechanism analysis, we further find that the equity pledge influenced the stock price crash risk by longer suspension and greater price fluctuation.
上一篇:王浩名(外);岳希明——《经济学动态》:贫困家庭子女受教育程度决定因素研究进展 下一篇:汪昌云; Wang, Changyun; Li, Zonglong; Zhong, Teng——EMERGING MARKETS FINANCE AND TRADE:Social Trust, Rule of Law, and Economic Exchange: Evidence from Chin...
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