Nghiên cứu tác động của bất ổn toàn cầu đến rủi ro sụp đổ giá cổ phiếu ngành ngân hàng: Bằng chứng từ thị trường châu Á – Thái Bình Dương
DOI:
https://doi.org/10.24311/jabes/2025.36.8.04Keywords:
World uncertainty, Stock price crash risk, Asia PacificAbstract
This study investigates the impact of global uncertainty on the stock price crash risk (SPCR) of 565 listed banks across the Asia–Pacific (APAC) region during the period 1995–2023. The authors find that SPCR in the banking sector tends to increase during periods of high global uncertainty. The positive effect of global uncertainty on SPCR is significantly stronger for banks with higher levels of investor expectation divergence, lower market valuation, or those operating in countries with relatively weaker investor protections. These findings have important implications for governments across the APAC region in strengthening risk oversight systems and investor protection frameworks, as well as enhancing regional policy coordination to stabilize financial markets and bolster the banking system’s resilience to uncertainty shocks.
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