Religion and Stock Price Crash Risk

By Jeffrey L. Callen, Xiaohua Fang. 2012

615 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/ab6e7d9c0a2b7238b3f3d8a47b26339e82925277

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Citations in the corpus

Earnings management behaviors under different monitoring mechanisms: The case of Islamic and conventional banks (2016, background): “Grullon et al. (2010) find that firms located in counties in the United States with higher levels of religiosity are less likely to be named in class action securities lawsuits or to engage in backdating options.”
Short interest and stock price crash risk (2015, methodology): “Finally, based on Callen and Fang (2013b), we control for the number of religious adherents to the total population in the state (RELT) where the firm’s headquarter is located as a measure of religious social norms.”
Stock price crash risk: review of the empirical literature (2018, positive): “Callen and Fang (2015), document that short interest in stocks predicts future crash risk.”
Does corporate eco-innovation affect stock price crash risk? (2021, result): “95, which is comparable to that reported elsewhere (e.g., Chen et al., 2001; Callen and Fang, 2015).”
Abnormal real operations, real earnings management, and subsequent crashes in stock prices (2014, positive): “…hoarding of negative information leads to price crashes, subsequent studies have discovered some other predictors of crashes, such as tax avoidance levels, CFO option holdings, accounting conservatism, corporate location, etc. (Kim et al. 2011a, b; Kim and Zhang 2014; Callen and Fang 2014).”
CEO age and stock price crash risk (2017, background): “Investors’ response to unexpected bad news is fierce, leading to an abrupt downward revision of their expectations about the firm’s long-term prospects, which triggers a stock price crash (Callen and Fang, 2015; Jin and Myers, 2006).”
Local Gambling Preferences and Corporate Innovative Success (2014, background): “The fact that locally held attitudes inﬂuence corporate decisions is well documented in the literature (e.g., Hilary and Hui (2009), Kumar, Page, and Spalt (2011), Callen and Fang (2014)).”
The impact of top executive gender on asset prices: Evidence from stock price crash risk (2019, neutral): “, 2014), religious beliefs at the US county level (Callen and Fang, 2015), mandatory IFRS adoption (DeFond et al.”