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Mutual fund investment, group-affiliation, and stock price crash risk: evidence from Korea
- Mo, Kyoungwon;
- Song, Younghyo;
- Park, Soo Yeon
Citations
WEB OF SCIENCE
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SCOPUS
2초록
This study examines how mutual funds affect future stock price crash risk in the capital market. Particularly, we focus on investigating the relationship between mutual funds affiliated with chaebol groups and subsequent stock price crash risk. We find that mutual funds have a significantly positive effect on future stock price crash risk. We also observe a significantly negative relationship between group-affiliated mutual funds and subsequent stock price crash risk.
키워드
Mutual funds; group-affiliated mutual funds; stock price crash risk; information sharing; CONFLICTS-OF-INTEREST; INSTITUTIONAL OWNERSHIP; ACCOUNTING INFORMATION; FIRM PERFORMANCE; MARKET; INVESTORS; NEWS; DETERMINANTS; VOLATILITY; DISCLOSURE
- 제목
- Mutual fund investment, group-affiliation, and stock price crash risk: evidence from Korea
- 저자
- Mo, Kyoungwon; Song, Younghyo; Park, Soo Yeon
- 발행일
- 2022-09
- 유형
- Article
- 권
- 54
- 호
- 41
- 페이지
- 4796 ~ 4811
- 언어
- ENG
- 출판사
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- 발행국가
- 영국
- 분량
- 16 페이지
- ISSN
- E 1466-4283
P 0003-6846