درخت حوزه‌های تخصصی

Stock price crash risk has a significant impact on investors, creditors, managers, and shareholders, so the prediction of this phenomenon is a very important issue in investment and risk management decisions. This research investigates the effect of business strategy and stock price synchronicity on stock price crash risk. Following Bentley et al.[2], composite strategy score has been used to proxy for an organization’s business strategy, expanded market model regression following Chen et al. [3] to measure the firm-specific crash risk, and R2 method of Johnstone [14] to calculate the stock price synchronicity. In order to achieve this point, financial information of 171 companies that are listed on Tehran stock exchange have been selected during the time period of 2013 to 2018, and data was analysed using regression model. According to the results, companies with defender (analyser and prospector) business strategy are less (more) prone to future crash risk. Moreover, results show that stock price syn-chronicity has positive effect on stock price crash risk, while in companies with analyser business strategy it can reduce the stock price crash risk. The interactive effect of business strategy and stock price synchronicity on stock price crash risk in companies with prospector and defender business strategy is not significant. Other findings suggest that Institutional ownership has positive, and company’s age has negative effect on stock price crash risk.

This study aims to test the relationship between knowledge generation and organizational creativity. The second method was surveyed (analytical) using exploratory research through the survey as a data collection tool. The validity coefficient was measured as a reasonable degree of stability was obtained for a sample of (46) individuals. The data was analyzed using statistical package (SPSS V25). Descriptive Statistic Among the findings is that CASNOS has a medium level of the knowledge generation process, and there is a statistically significant effect of knowledge generation on the organizational innovation of CASNOS (El-Oued), according to the dimensions adopted in the study model.