| Author: | Sun, Wei |
| Title: | Managerial stock ownership and firm-level stock crash risk : evidence from China's stock markets |
| Degree: | M.Sc. |
| Year: | 2012 |
| Subject: | Employee stock options -- China. Corporations -- Finance -- China. Stocks -- Prices -- China. Stock exchanges -- China. Hong Kong Polytechnic University -- Dissertations |
| Department: | Graduate School of Business |
| Pages: | iv, 57 leaves : ill. ; 30 cm. |
| Language: | English |
| Abstract: | This study investigates the relationship between managerial stock ownership and firm's stock price crash risk in China's stock markets. I use a large sample of China's listed firms during the period 2000-2009 and find that managerial stock ownership is negatively and significantly related to firm's stock crash risk. By further examining the sub-groups of managerial stock ownership, I provide additional evidence to support the negative relationship. In this study, I also find that firms with larger state ownership and firms listed in Shanghai stock market are more prone to future stock crash risk. |
| Rights: | All rights reserved |
| Access: | restricted access |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| b25315651.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 1.01 MB | Adobe PDF | View/Open |
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