| 摘要 | 第5-6页 |
| Abstract | 第6页 |
| CHAPTER 1 BACKGROUND OF STUDY | 第11-15页 |
| 1.1 Introduction | 第11-15页 |
| CHAPTER 2 LITERATURE REVIEW AND HYPOTHESISDEVELOPMENT | 第15-26页 |
| 2.1 Introduction | 第15页 |
| 2.2 Related literature | 第15-21页 |
| 2.2.1 Why do managers conceal bad news? | 第15-16页 |
| 2.2.2 How do bad news hoarding activities leads to stock price crashes? | 第16页 |
| 2.2.3 Firm characteristics that have positive associations with crash risk | 第16-17页 |
| 2.2.4 Firm characteristics that have negative association with crash risk | 第17-18页 |
| 2.2.5 Social imitation theory | 第18-20页 |
| 2.2.6 Director network and financial reporting integrity | 第20-21页 |
| 2.3 Research gap, objective and contribution | 第21-22页 |
| 2.4 Hypothesis development | 第22-26页 |
| 2.4.1 Stock price crash risk and firm network centrality | 第22-23页 |
| 2.4.2 Directors equity compensation, network and stock price crash risk | 第23-24页 |
| 2.4.3 CEO duality, network and stock price crash risk | 第24-26页 |
| CHAPTER 3 RESEARCH METHODOLOGY | 第26-35页 |
| 3.1 Research design | 第26页 |
| 3.2 Data and sample selection | 第26页 |
| 3.3 Measurement of major variables | 第26-30页 |
| 3.3.1 Measurement of firm-specific crash risk | 第26-28页 |
| 3.3.2 Measuring firm network | 第28-30页 |
| 3.4 Sample description | 第30页 |
| 3.5 Correlation Matrix | 第30-31页 |
| 3.6 Multivariate analysis regression model | 第31-35页 |
| CHAPTER 4 RESULTS AND DISCUSSION | 第35-40页 |
| 4.1 Empiricaults and analysis on H1 | 第35-36页 |
| 4.1.1 Main results | 第35-36页 |
| 4.2 Accounting for the effects of corporate governance | 第36-37页 |
| 4.3 Empirical results and analysis on H2 | 第37-38页 |
| 4.4 Empirical results and analysis on H3 | 第38-39页 |
| 4.5 Addressing endogeneity | 第39-40页 |
| CHAPTER 5 CONCLUSION | 第40-41页 |
| 5.1 Summary and conclusions | 第40-41页 |
| REFERENCES | 第41-48页 |
| RESULT TABLES | 第48-56页 |
| APPENDIX | 第56-58页 |
| ACKNOWLEDGEMENT | 第58-59页 |
| DEDICATION | 第59页 |
