| dc.description.abstract | There are not many research articles and empirical evidence on the correlation
between short-term debt maturity and stock price crash risk. My study uses a data
sample of 4,915 firm-year observations of 351 companies listed on the Ho Chi Minh
Stock Exchange (HOSE) in Vietnam between 2010 and 2023. This study is a
demonstration of the correlation between short-term debt maturity and stock price
crash risk. It means that companies with higher short-term debt will be less likely to
have a sudden drop in their stock price. Moreover, my study also provides evidence
that the negative correlation between short-term debt maturity and future crash risk
is stronger for companies with greater levels of risk-taking and lower levels
of corporate governance. According to my study results, short-term debt can replace
other monitoring systems in preventing management opportunism and lowering the
probability of future stock price collapses | en_US |
