Giman Nam
I examine whether CFO management affects stock price crash risk. CFO management, which is known as a tool used to inflate reported CFO, can cause stock price crash risk by promoting the accumulation of bad news. I find that CFO management has no effect on stock price crash risk. But there are some firm characteristics that associated with incentive to inflate reported CFO. I find that the effect of CFO management on stock price crash risk is greater for under the specific firm characteristics. The results highlight the bad side of CFO management by providing evidence that under specific firm characteristics, CFO management can cause stock price crash risk.