Religion and stock price crash risk: Evidence

This paper investigates whether religious traditions influence firm-specific crash risk in China. Using a sample of A-share listed firms from 2003 to 2013, we provide evidence that the more intense the religious environment, the lower the stock price crash risk, implying that religion plays an impor...

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Bibliographic Details
Main Authors: Wenfei Li, Guilong Cai
Format: Article
Language:English
Published: Elsevier 2016-09-01
Series:China Journal of Accounting Research
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S1755309116300120