%0 Journal Article
%T Group Relations and Stock Crash Risk in China
%A Qianqun Wang
%J Journal of Financial Risk Management
%P 389-396
%@ 2167-9541
%D 2017
%I Scientific Research Publishing
%R 10.4236/jfrm.2017.64028
%X 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.
%K Stock Price Crash Risk
%K Enterprise Group
%K State-Owned Group
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=81338