Banking competition and stock price crash risk

Yanghui Wu

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: This paper examines whether an increase in bank competition affects firms' share price crash risk, using A-share listed companies in China from 2009 to 2021 as a research sample. The study finds that firms' share price crash risk decreases with the increase of banking competition; the mediation test finds that the increase of banking competition inhibits corporate non-compliance and increases the disclosure requirements of internal control information, reducing the share price crash risk.

Keywords: Banking competition; Share price crash risk; Corporate governance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007791

DOI: 10.1016/j.frl.2023.104407

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