Derivative Complexity and the Stock Price Crash Risk: Evidence from China

This study investigates whether and how the complexity of derivative use influences the stock price crash risk in China’s capital market, a critical question given the growing use of derivatives in emerging economies where governance structures and disclosure standards vary widely. While prior resea...

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Bibliographic Details
Main Authors: Willa Li, Yuki Gong, Yuge Zhang, Frank Li
Format: Article
Language:English
Published: MDPI AG 2025-06-01
Series:International Journal of Financial Studies
Subjects:
Online Access:https://www.mdpi.com/2227-7072/13/2/94
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