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Applied Economics Letters Volume 25, 2018 - Issue 14
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Articles

Chinese firms’ crash risk and CEO media exposure

Peng-hua QiaoSchool of Management and Economics, Kunming University of Science and Technology, Kunming, People’s Republic of ChinaCorrespondence[email protected]
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,
Hung-Gay FungCollege of Business Administration, University of Missouri-St. Louis, St. Louis, MO, USAView further author information
&
Wei WangSchool of Business and Economics, Qiqihar University, Qiqihar, People’s Republic of ChinaView further author information
Pages 1034-1037 | Received 02 Nov 2016, Accepted 13 Dec 2017, Published online: 25 Dec 2017
 
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ABSTRACT

This study uses panel data from China over the period 2008–2015 to examine the effect of CEO media exposure on crash risk. We show that CEO media coverage in Chinese firms has a wide dispersion and mitigates crash risk at firms. Our study confirms the important role of media to monitor effectively firm behaviours in China.

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Disclosure statement

No potential conflict of interest was reported by the authors.

Additional information

Funding

This work was supported by Chinese Ministry of Education of Humanities and Social Science Research Youth Fund Projects (14YJC630188) and Heilongjiang province young creative talent project under Grant (UNPYSCT-2015097).

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