Kothari, S. P., Shu, S., & Wysocki, P. D. (2009). Do Managers Withhold Bad News? Journal of Accounting Research, 47, 241-276. https://doi.org/10.1111/j.1475-679X.2008.00318.x
has been cited by the following article:
TITLE: Group Relations and Stock Crash Risk in China
AUTHORS: Qianqun Wang
KEYWORDS: Stock Price Crash Risk, Enterprise Group, State-Owned Group
JOURNAL NAME: Journal of Financial Risk Management, Vol.6 No.4, December 27, 2017
ABSTRACT: Compared with independent enterprises, the group has internal talent market and provides a broad development space for the management, which can partially alleviate the management agent problem in original governance model. We use all the A shares of the company data from the CSMAR data base as the sample. We find that the group relations can reduce risk of stock price collapse, and correlation may weaken in state-owned group.