1. Ktisis Cyprus University of Technology
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Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/9260
DC FieldValueLanguage
dc.contributor.authorAndreou, Panayiotis-
dc.contributor.authorAntoniou, Constantinos-
dc.contributor.authorHorton, Joanne G.-
dc.contributor.authorLouca, Christodoulos-
dc.contributor.otherAνδρέου, Παναγιώτης-
dc.contributor.otherΛουκά, Χριστόδουλος-
dc.date.accessioned2017-01-26T10:51:54Z-
dc.date.available2017-01-26T10:51:54Z-
dc.date.issued2016-11-01-
dc.identifier.citationEuropean Financial Management, 2016, vol. 22, no. 5, pp. 916-956en_US
dc.identifier.issn13547798-
dc.identifier.urihttps://hdl.handle.net/20.500.14279/9260-
dc.description.abstractWe investigate whether ownership structure, accounting opacity, board structure & processes and managerial incentives attributes relate to future stock price crash risk. Principal component analysis on the 21 attributes that comprise these four corporate governance dimensions reveals that they can explain between 13.1% and 23.0% of a one standard deviation in crash risk. Transient institutional ownership, CEO stock option incentives and the proportion of directors that hold equity increase crash risk, whilst insiders' ownership, accounting conservatism, board size and the presence of a corporate governance policy mitigate crash risk. Overall these relationships are more pronounced in environments that accentuate agency risk.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofEuropean Financial Managementen_US
dc.rights© Wileyen_US
dc.subjectAgency risken_US
dc.subjectCorporate governanceen_US
dc.subjectCrash risken_US
dc.subjectInformation environmenten_US
dc.titleCorporate Governance and Firm-specific Stock Price Crashesen_US
dc.typeArticleen_US
dc.doi10.1111/eufm.12084en_US
dc.collaborationCyprus University of Technologyen_US
dc.collaborationDurham University Business Schoolen_US
dc.collaborationWarwick Universityen_US
dc.collaborationUniversity of Exeteren_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsHybrid Open Accessen_US
dc.countryCyprusen_US
dc.countryUnited Kingdomen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1111/eufm.12084en_US
dc.relation.issue5en_US
dc.relation.volume22en_US
cut.common.academicyear2020-2021en_US
dc.identifier.spage916en_US
dc.identifier.epage956en_US
item.grantfulltextnone-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.openairetypearticle-
item.fulltextNo Fulltext-
crisitem.journal.journalissn1468-036X-
crisitem.journal.publisherWiley-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.facultyFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.facultyFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.orcid0000-0001-5742-0311-
crisitem.author.orcid0000-0003-3436-3734-
crisitem.author.parentorgFaculty of Management and Economics-
crisitem.author.parentorgFaculty of Management and Economics-
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