| dc.description.abstract | The present study employs data from Korea to demonstrate the association
between trade policy uncertainty (TPU) and the crash risk of stock prices and finds
evidence of a positive link between TPU and stock price crash risk for listed firms in
Korea. The finding still survives after a battery of robust checks. Further analysis shows
that information asymmetry, international trade, and business groups are the moderators
for the relationship between TPU and the stock price crash risk in Korea. Overall, my
findings indicate that this impact can possibly happen due to managerial unfavourable
information hoarding and also show that TPU impacts the crash risk of stock prices of
trading companies that are multinational companies and Chaebol. | en_US |
