Keywords: Crash risk
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Journal Articles
International Journal of Managerial Finance (2024) 20 (2): 546–577.
Published: 18 October 2023
... asymmetry Crash risk Investor trust Agency conflict Figure 1 Percentage of crashed firms While management should act in shareholders' best interests, they, at times, make decisions that benefit themselves rather than shareholders (e.g. Jensen and Meckling, 1976). Management can...

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