Executive Power, Social Capital, and Stock Crashes

DOI

10.2991/assehr.k.200207.010How to use a DOI?

Keywords

executive power, social capital, stock crash

Abstract

This paper uses the data of Shanghai and Shenzhen A-share listed companies from 2005 to 2015, according to the empirical test examines the impact of management power and the level of social capital in the company’s region on the company’s stock collapse risk. It turns out that the greater the power of management is, the greater the risk of the company’s share price collapse will be; the higher the level of social capital in the company’s location, the lower the risk of the company’s share price collapse can be. And in areas with high level of social capital, the impact of management power on the risk of stock price crash has dropped significantly. The conclusions of this paper illustrate the effective supervision of management power, efforts to strengthen the construction of social capital level are of great significance for preventing and avoiding the risk of stock market crash.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zhi-Qiang Liu
AU  - Tong Zhou
PY  - 2020
DA  - 2020/02/17
TI  - Executive Power, Social Capital, and Stock Crashes
BT  - Proceedings of the International Academic Conference on Frontiers in Social Sciences and Management Innovation (IAFSM 2019)
PB  - Atlantis Press
SP  - 55
EP  - 63
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200207.010
DO  - 10.2991/assehr.k.200207.010
ID  - Liu2020
ER  -