578 Results Found

In this study, we investigate the relationship between environmental, social, and governance (ESG) disclosures and stock price crash risk. A stock price crash is a dreadful event for market participants. Thus, exploring stock price crash determinants...

This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock price crash risk of China’s publicly listed firms over the period of 2017–2021. The empirical results show that risk...

Highway crashes, along with the property damage, personal injuries, and fatalities that they cause, continue to present one of the most significant and critical transportation problems. At the same time, provision of safe travel is one of the main go...

Currently, mainly aggregated statistics are used for bicycle crash risk calculations. Thus, the understanding of spatial patterns at local scale levels remains vague. Using an agent-based flow model and a bicycle crash database covering 10 continuous...

ESG has emerged as a key non-financial indicator, drawing significant investor focus. Disparities in ESG ratings may skew investor perceptions, potentially endangering stock values and financial market stability. This paper examines the link between...

Safety performance is a crucial component of highway network performance evaluation. Besides their devastating impact on roadway users, traffic crashes lead to substantial economic losses on both personal and societal levels. Due to the complexity of...

Despite the recent proliferation of research on internationalization, little attention has been paid to understanding the reasons behind the decrease in firm value accompanying international expansion. By delving into the underlying mechanisms and ap...

In this study, we examine whether and how banks employ dividend payout policies in response to the risk of stock price crashes. Using a sample of U.S. banks, we find that banks increase their dividend payouts when faced with a higher risk of stock pr...

Following the 2008 financial crisis, multiple studies have contributed to the research on stock price crashes. However, most of the studies on stock price crashes are from the corporate management perspective, focusing on factors such as the board&rs...

There is a large volume of literature in international business on multinationality. There is an equally large volume of literature in finance on stock price crash risk. However, very few studies have attempted to provide a link between these two res...

This paper investigates the systemic risk contributions of each financial institution during the stock market crash in China using systemic risk beta. Based on the FARM-Selection (Factor Adjusted Regularized Model Selection) approach, we calculate th...

Pre-crash injury risk (IR) assessment is essential for guiding efforts toward active vehicle safety. This work aims to conduct crash severity assessment using pre-crash information and establish the intrinsic mechanism of IR with proper interpretatio...

Using a sample of S&P 500 stocks, this paper examines the investor sentiment spillover network between firms and assesses how the sentiment connectedness in the network impacts stock price crash risk. We demonstrate that firms with higher sentime...

We take Chinese A-share listed companies in years 2010–2015 as a sample to examine the relationship between Corporate Social Responsibility (CSR) information disclosure and stock price crash risk using the fixed effect model. The results show t...

The stock price crash constitutes one part of the complexity in the stock market. We aim to verify the threshold effect of leveraged trading on the stock price crash risk from the perspective of feedback trading. We empirically demonstrate that lever...

This study examines the effect of managerial ability on subsequent stock price crash risk using listed firm data in Korea. Compared to some financially advanced countries, the influence of managers is particularly more powerful in Korea, as ownership...

We investigate the impact of corporate social responsibility (CSR) and corporate governance on stock price crash risk in manufacturing sector of India and Pakistan. We collect data of nine years from 2010 to 2018 from DataStream of 353 manufacturing...

This study analyzes the relationship between country-level income inequality and stock price crash risk using a comprehensive cross-country panel of 117,017 firm-year observations from 45 countries spanning 2000–2022. We document that firms hea...

By employing the 2017 reform of China’s financial statement presentation as an exogenous shock, we evaluate how the change shapes the likelihood of stock price crashes. Our analysis indicates that firms affected by the reform exhibit notably hi...

With the considerable increase in ownership of motor vehicles, traffic crashes have become a challenge. This paper presents a study of naturalistic driving conducted to collect driving data. The experiments were performed on different road types in t...

With the dramatic increase in motorization, road traffic crashes have become the leading cause of death in China. To reduce the losses associated with road safety problems, it is important to understand the risk factors contributing to the high crash...

Motorways are typically the safest road environment in terms of injury crashes per million vehicle kilometres; however, given the high severity of crashes occurring therein, there is still space for road safety improvements. The objective of this stu...

It has been widely reported that younger and older drivers have an excess risk of causing a road crash. Two casual hypotheses may coexist: the riskier driving behaviors and age-related mechanisms in extreme age groups (direct path) and the different...

This study examines the relationship between firm-level political connections and stock price crash risk in Indonesia. It employs the difference-in-difference design to deal with the self-selection bias issue regarding the choice of the firms to beco...

Climate shocks are increasingly recognized as systemic stressors that disrupt financial stability and undermine sustainable development. Using a comprehensive panel of Chinese listed firms from 2007 to 2023, this study examines how physical climate s...

As the core of sustainable development strategy, corporate social responsibility (CSR) is a concept that influences business missions, management, operations, finance, and marketing. Studies of the economic consequences of CSR have focused on the the...

This study uses machine learning to investigate the effects of firm and CEO characteristics on stock price crash risk by collecting massive data on publicly listed firms in China. The results show that eXtreme Gradient Boosting (XGBoost) is the most...

This study investigates the interactive effect of ownership structure on the relationship between annual board report readability and stock price crash risk in companies listed on the Tehran Stock Exchange (TSE). The negative skewness model was used...

This study investigates whether and how the complexity of derivative use influences the stock price crash risk in China’s capital market, a critical question given the growing use of derivatives in emerging economies where governance structures...

This study investigates the causal impact of stock price crash risk on the cost of equity (COE) in China’s segmented A- and B-share markets with an emphasis on ownership structures and market regimes. Employing a bootstrap panel Granger causali...

The ability to drive depends on the motor, visual, and cognitive functions, which are necessary to integrate information and respond appropriately to different situations that occur in traffic. The study aimed to evaluate older drivers in a driving s...

The present study aims to investigate the effects of macroeconomic variables on stock price crash risk in the economically uncertain conditions of Iran’s market. This study also seeks to examine whether there is a significant relationship between som...

Road infrastructure is the foundation of the predominant modes of transport, and its effective management is crucial to meet mobility needs. Although necessary for reconstruction, maintenance, and expansion projects, roadworks produce negative impact...

Reducing stock price crash risk is vital for capital market stability, particularly in emerging economies such as China. This study investigates whether Employee Stock Ownership Plans (ESOPs) can mitigate crash risk by analyzing panel data from A-sha...

Sharing the road with trucks is associated with increased risk of serious injury and death for passenger vehicle drivers. However, the onus for minimising risk lies not just with truck drivers; other drivers must understand the unique performance lim...

The literature on the link between corporate social responsibility (CSR) disclosure and stock price crash risk suggests that it is far more complicated than a plain one-to-one relationship. In this study, we examine how CSR disclosure affects the sto...

This paper investigates the impacts of heavy vehicles (HV) on speed variation and assesses the rear-end crash risk for four vehicle-following patterns in a heterogeneous traffic flow condition using three surrogate safety measures: speed variation, t...

In the digital economy, data assets have become key drivers of firm competitiveness and market stability. This study examines the association between data asset information disclosure and stock price crash risk. Using annual reports of Chinese A-shar...

Despite the implementation of numerous interventions to enhance urban traffic safety, the estimation of the risk of traffic crashes resulting in life-threatening and economic costs remains a significant challenge. In light of the above, an online inf...

Corporate social responsibility (CSR) plays a growing role in fostering transparency, stakeholder trust, and long-term firm sustainability, particularly in emerging markets. Firms that actively engage in CSR are more likely to disclose credible finan...

Electric scooters (or e-scooters) are among the most popular micromobility options that have experienced an enormous expansion in urban transportation systems across the world in recent years. Along with the increased usage of e-scooters, the increas...

Identifying dangerous events from driving behavior data has become a vital challenge in intelligent transportation systems. In this study, we compared machine and deep learning-based methods for classifying the risk levels of near-crashes. A dataset...

Unlike door crash accidents predominantly involving bicycles in Australia, the UK, and other Western countries, cases in Taiwan are far more fatal as they usually involve motorcycles. This is due to the unique anthropogeography and transportation pat...

Political risk, one of the most significant uncertainty shocks, affects firms’ future attitudes toward risks and plays a crucial role in their decision making. A stock price crash risk is a classical topic in financial markets; therefore, this...

How to maintain public transit safety and sustainability has become a major concern for the department of Road Traffic Administration. This study aims to analyze the risk factors that contribute to fatality in road traffic crashes using a 5-year poli...

Studies have explored the factors influencing the safety of PTWs; however, very little has been carried out to comprehensively investigate the factors influencing fatal PTW crashes while considering the fault status of the rider in crash hotspot area...

Similar crashes or incidents may recur as a result of insufficient communication in uncertain and risky situations that potentially threaten safety. The common root causes of insufficient communication across a series of incidents and crashes must be...

Intersection and non-intersection locations are commonly used as spatial units of analysis for modeling pedestrian crashes. While both location types have been previously studied, comparing results is difficult given the different data and methods us...

Several studies have shown that European police crash reports provide different detail degrees of work zone crash-related data. In this sense, the present study aims to verify the possibility of identifying significant risk factors involved in the oc...

Cognitive and physical impairment can occur with dementia and reduce driving ability. In the United States, individual states have procedures to refer and evaluate drivers who may no longer be fit to drive. The license review process is not well unde...