Stock Price Synchronicity, Crash Risk, and Institutional Investors

By Heng An, Ting Zhang. 2013

632 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5208d77f8676bcbf44c0d1b9d92f74cd676d10f7

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Citations in the corpus

Stock price crash risk: review of the empirical literature (2018, neutral): “An and Zhang (2013) show that institutional holding by dedicated (transient) investors reduces (increases) crash risk.”
Firm crash risk, information environment, and speed of leverage adjustment (2015, neutral): “Prior studies (Jin and Myers, 2006; Hutton et al., 2009; Kim et al., 2011a; Kim et al., 2011b; An and Zhang, 2013; Kim et al., 2014; Kim and Zhang, 2014; Kim and Zhang, forthcoming) focus on the determinants of crash risk but do not analyze the consequences of crash-risk exposure on corporate…”
Does corporate eco-innovation affect stock price crash risk? (2021, background): “Supporting this, An and Zhang (2013) suggest that institutional monitoring mitigates managerial bad information hoarding and decreases stock price crash risk.”
Do Industry-Specialist Auditors Influence Stock Price Crash Risk? (2015, neutral): “22 An and Zhang (2013) also find a significant and positive relation between institutional ownership level and crash risk after controlling for accounting opacity (see their Table 7).”
Retail investor attention and stock price crash risk: Evidence from China (2019, background): “…economic consequences on the financial market, from the viewpoints of agents’ heterogeneous beliefs (Hong and Stein, 2003), institutional ownership (An and Zhang, 2013; Callen and Fang, 2013), investor preferences (Liu et al., 2016), and short-sale constraints (Yin and Tian, 2017). respectively…”