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Risk-taking responses to crash experience: Evidence from China

Date
Tuesday, April 21, 2026 - 6:00 AM
Description
This study examines the effect of fund managers' crash experience on their risk-taking behaviors. Using China's 2007-2008 and 2014-2015 A-share market crashes, as well as the COVID-19 pandemic, as exogenous shocks, we find that managers with crash