Topic：Asset Redeployability and Future Stock Price Crashes

Time：2017年6月29日下午 14:30-16:00

Site： B127

Speaker：Dr Yangyang Chen, assistant professor, Hong Kong Polytechnic University

Abstract：we examine how asset redeployability is associated with the risk of future stock price crashes. determining corporate risk-taking. Various robustness tests and careful considerations of endogeneity confirm our main conclusions,and find that asset redeployability is associated with a higher likelihood of just meeting or beating analyst forecasts and recording of gains from asset sales.