id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-23682	Ren, Yida	Independent Directors' Opposition, Earnings Management and the Risk of Stock Price Crash	2024	13	.pdf	application/pdf	8400	300	46	In order to verify whether the independent directors' dissenting opinions can reduce the risk of stock price crash, the following regression model is set with reference to Song Xian Zhong (2017), Zhang Xiaoyu and Xu Longbing (2017): titititi IndustryYearCONTROLSDispproveCrashrisk ,,,10,  +++++=   (1) 3.2.1. First, calculate the weekly earnings data for the stock i: twitwItwItwMtwMtwi RRRRR ,,,1,4,,3,1,2,,10,,  +++++= −− (8) Among them, twiR ,, is the return rate of the i company after considering the reinvestment of the cash dividend in the w week; twMR ,, is the market's weighted average of all companies' market capitalisation yields in the w week of the t year; all twIR ,, is the rate of return after excluding shares for the industry in which the i company is located, weighted by the market value in circulation of the other companies.	cache/fbem-23682.pdf	txt/fbem-23682.txt