Social Trust, External Monitoring and Stock Price Crash Risk: Testing Complementary and Substitution Theory

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

REZAEI PITENOEI YASSER; SAFARI GERAYLI MEHDI; NOROUZI MOHAMMAD

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: THE IRANIAN ACCOUNTING AND AUDITING REVIEW Year:2017 | Volume:24 | Issue:3 Page(s): 349-370

Download Full-Text

Persian Verion

View:

657

Download:

Cites:

Information Journal Paper

Title

Social Trust, External Monitoring and Stock Price Crash Risk: Testing Complementary and Substitution Theory

Author(s)

REZAEI PITENOEI YASSER | SAFARI GERAYLI MEHDI | NOROUZI MOHAMMAD | Issue Writer Certificate

Keywords

Complementary TheoryQ1

External MonitoringQ1

Social TrustQ2

Stock Price Crash RiskQ1

Substitution TheoryQ1

Abstract

Social Trust is considered as a socio-economic factor that influences organizational or individual behaviors. As such, CEOs with high Social Trust behave more honestly and are less likely to hide bad news, which lead to reducing corporate Stock Price Crash Risk. Given this argument, the present study is concerned with examining the association between Social Trust and Stock Price Crash Risk as well as exploring the moderating effect of External Monitoring on this relation. To do so, negative skewness of stock return and down-to-up volatility are used to measure Stock Price Crash Risk, institutional investor's ownership percentage is used as a proxy for External Monitoring, whereas Saffarinia and Sharif’ s (2010) questionnaire is employed to measure Social Trust. Using multivariate regression model, the findings of the research indicate that Social Trust mitigates corporate stock price risk. Regarding the predictions of Substitution Theory, moreover, External Monitoring weakens the negative association between Social Trust and corporate stock crash risk.

Cites

No record.

References

No record.

Cite

APA: Copy

REZAEI PITENOEI, YASSER, SAFARI GERAYLI, MEHDI, & NOROUZI, MOHAMMAD. (2017). Social Trust, External Monitoring and Stock Price Crash Risk: Testing Complementary and Substitution Theory. THE IRANIAN ACCOUNTING AND AUDITING REVIEW, 24(3 ), 349-370. SID. https://sid.ir/paper/8109/en

Vancouver: Copy

REZAEI PITENOEI YASSER, SAFARI GERAYLI MEHDI, NOROUZI MOHAMMAD. Social Trust, External Monitoring and Stock Price Crash Risk: Testing Complementary and Substitution Theory. THE IRANIAN ACCOUNTING AND AUDITING REVIEW[Internet]. 2017;24(3 ):349-370. Available from: https://sid.ir/paper/8109/en

IEEE: Copy

YASSER REZAEI PITENOEI, MEHDI SAFARI GERAYLI, and MOHAMMAD NOROUZI, “Social Trust, External Monitoring and Stock Price Crash Risk: Testing Complementary and Substitution Theory,” THE IRANIAN ACCOUNTING AND AUDITING REVIEW, vol. 24, no. 3 , pp. 349–370, 2017, [Online]. Available: https://sid.ir/paper/8109/en

Related Journal Papers