Stock Repurchase and Stock Price Crash Risk

Haibo Jia, Ying Zhu and Xiaodan Chen

Finance Research Letters, 2024, vol. 60, issue C

Abstract: This paper selects the data of A-share listed companies in 2021–2021 to investigate the impact of stock repurchase on stock price crash risk. It is found that the implementation of stock repurchase by listed companies can indeed curb the risk of stock price crash; stock repurchase reduces the risk of stock price crash by improving the investor sentiment of individual stocks; and stock repurchase reduces the risk of stock price crash by increasing the information transparency.

Keywords: Stock repurchase; Stock price crash risk; Investor sentiment; Information transparency (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012515

DOI: 10.1016/j.frl.2023.104879

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