Study on the influence of promotion incentives in regional labor market on stock price crash risk
Driven by the tournament effect caused by regional labor market competition,the CEO of a company may deliberately cover up the bad news of the company in order to improve his chances of promotion in the regional labor market,which may increase the risk of the company's stock price crash.Based on the data of listed companies in China from 2006 to 2022,this paper examines the relationship between promotion incentives in regional labor market and stock price crash risk.The results show that promotion incentives in regional labor market have a significant positive impact on stock price crash risk.This study provides empirical evidence for the influence of regional labor market promotion incentives on the stock price crash risk of the company,and provides important implications for maintaining the stability of the capital market.
万方数据
维普
