The DOI matches its Crossref record; 61 of the 61 references it cites were found in a registry or an index.
Religion and Stock Price Crash Risk
Open accessAbstract
This study examines whether religiosity at the county level is associated with future stock price crash risk. We find robust evidence that firms headquartered in counties with higher levels of religiosity exhibit lower levels of future stock price crash risk. This finding is consistent with the view that religion, as a set of social norms, helps to curb bad-news-hoarding activities by managers. Our evidence further shows that the negative relation between religiosity and future crash risk is stronger for riskier firms and for firms with weaker governance mechanisms measured by shareholder takeover rights and dedicated institutional ownership.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
White, H. (1980) · Econometrica · doi:10.2307/1912934 · Cited by 25,861
A Theory of Cognitive Dissonance
Festinger, L. (1957) · doi:10.1515/9781503620766 · Cited by 24,241
An Inquiry into the Nature and Causes of the Wealth of Nations
Smith, A. (1776) · The Glasgow Edition of the Works and Correspondence of Adam Smith, Vol. 2: An Inquiry into the Nature and Causes of the Wealth of Nations, Vol. 1 · doi:10.1093/oseo/instance.00043218 · Cited by 11,757
Performance matched discretionary accrual measures
Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2004.11.002 · Cited by 6,947
The economic implications of corporate financial reporting
Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2005.01.002 · Cited by 6,316
Corporate Governance and Equity Prices
Gompers, P., Ishii, J., & Metrick, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535162 · Cited by 6,120
The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors
Dechow, P. M., & Dichev, I. D. (2002) · The Accounting Review · doi:10.2308/accr.2002.77.s-1.35 · Cited by 5,152
SCHNEIDER, B. (1987) · Personnel Psychology · doi:10.1111/j.1744-6570.1987.tb00609.x · Cited by 4,473
The conservatism principle and the asymmetric timeliness of earnings1
Basu, S. (1997) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(97)00014-1 · Cited by 3,982
Does Culture Affect Economic Outcomes?
Guiso, L., Sapienza, P., & Zingales, L. (2006) · Journal of Economic Perspectives · doi:10.1257/jep.20.2.23 · Cited by 3,472
Cited by
Trust and stock price crash risk: Evidence from China
Li, X., Wang, S. S., & Wang, X. (2017) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2016.12.003 · Cited by 506
Stock Liquidity and Stock Price Crash Risk
Chang, X., Chen, Y., & Zolotoy, L. (2017) · Journal of Financial and Quantitative Analysis · doi:10.1017/s0022109017000473 · Cited by 486
Does the digital transformation of enterprises affect stock price crash risk?
Wu, K., Fu, Y., & Kong, D. (2022) · Finance Research Letters · doi:10.1016/j.frl.2022.102888 · Cited by 450
Retail investor attention and stock price crash risk: Evidence from China
Wen, F., Xu, L., Ouyang, G., & Kou, G. (2019) · International Review of Financial Analysis · doi:10.1016/j.irfa.2019.101376 · Cited by 403
Does media coverage deter firms from withholding bad news? Evidence from stock price crash risk
An, Z., Chen, C., Naiker, V., & Wang, J. (2020) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2020.101664 · Cited by 285
Metadata
- Authors
- Callen, J. L., & Fang, X.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2015-04
- Volume
- 50
- Issue
- 1-2
- Pages
- 169-195
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W1918907778
- Cited by
- 754
- References
- 61
- FWCI
- 137.04
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Religion and Stock Price Crash Risk. https://app.cochat.ai/papers/10.1017/s0022109015000046
- The paper
- Callen, J. L., & Fang, X. (2015). Religion and Stock Price Crash Risk. Journal of Financial and Quantitative Analysis. https://doi.org/10.1017/s0022109015000046
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
