主题:Asset Redeployability and Future Stock Price Crashes
时间:2017年6月28日上午 9:30-11:00
地点: C273
主讲人:Yangyang Chen
主讲人单位:Hong Kong Polytechnic University
主办单位:yL23411永利官网登录经管学院会计系、MPAcc中心和财务会计研究所
论文摘要:we examine how asset redeployability is associated with the risk of future stock price crashes. determining corporate risk-taking. Various robustness tests and careful considerations of endogeneity confirm our main conclusions,and find that asset redeployability is associated with a higher likelihood of just meeting or beating analyst forecasts and recording of gains from asset sales.
主讲人简介:Hong Kong Polytechnic University助理教授。目前主要研究公司财务会计。他的学术论文发表在下列世界顶级期刊上:Review of Accounting Studies,Contemporary Accounting Research,Journal of Financial and Quantitative Analysis和The Accounting Review等。