Accepted by Michael Welker and Steven Salterio. We are especially grateful to Steve Salterio, Michael Welker, and two anonymous reviewers for their many insightful and constructive suggestions. We also thank Paul Brockman, Qiang Cheng, Mo Khan, Franco Wong, Yong Yu, and participants of seminars at the City University of Hong Kong, Fudan University, and Singapore Management University for their helpful comments on earlier versions of the manuscript. All errors are our own. We acknowledge financial support for this research from the Startup Grants of the City University of Hong Kong and the GRF grant of the Hong Kong SAR government (Project No: 144511).
Financial Reporting Opacity and Expected Crash Risk: Evidence from Implied Volatility Smirks†
Article first published online: 10 APR 2014
Contemporary Accounting Research
Volume 31, Issue 3, pages 851–875, Fall 2014
How to Cite
Kim, J.-B. and Zhang, L. (2014), Financial Reporting Opacity and Expected Crash Risk: Evidence from Implied Volatility Smirks. Contemporary Accounting Research, 31: 851–875. doi: 10.1111/1911-3846.12048
- Issue published online: 11 SEP 2014
- Article first published online: 10 APR 2014
- Accepted manuscript online: 17 JUL 2013 09:35AM EST
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