[1] A. Ahmadpour Kacho and N. Dahmardeh, The effect of financial development and institutional quality on economic growth in member countries of the organization for economic cooperation and development, J. Econ. Reg.
Dev. 26(17) (2019) 33–62.
[2] J.B. Allen and L. Carleti, Accounting conservatism and stock price crash risk: Firm-level evidence, Contemp.
Account. Res. 33(1) (2015) 412–441.[3] A. Benerji, J.J. Dolado and R. Mister, On some simple test for co integration: The cost of simplicity, Bank of
Spain, 1993.
[4] J. Chen, H. Hong and J.C. Stein, Forecasting crashes: Trading volume, past returns, and conditional skewness in
stock prices, J. Financ. Econ. 61(3) (2001) 345-–381.
[5] B. China and C. Imbierowicz, The relationship between liquidity risk and credit risk in banks, J. Bank. Finance
40(1) (2001) 242–256.
[6] C.M. Daily and J.L. Johnson, Sources of CEO power and firm financial performance: A longitudinal assessment,
J. Manag. 1(23) (1997) 97–117.
[7] I.D. Dichev, J.R. Graham, C.R. Harvey and S. Rajgopal, Earnings quality: Evidence from the field, J. Account.
Econ. 56(3) (2013) 1—33.
[8] S. Ding, C. Jia, C. Wilson and Z. Wu, Political connections and agency conflicts: The roles of owner and manager
political influence on executive compensation, Rev. Quant. Finance Account. 45(2) (2015) 407-–434.
[9] M. Feng, W. Ge, S. Luo and T. Shevlin, Why do CFOs become involved in material accounting manipulations?,
J. Account. Econ. 51(1) (2011) 21-–36.
[10] H.L. Friedman, Implications of power: When the CEO can pressure the CFO to bias reports, J. Account. Econ.
58(1) (2014) 117—141.
[11] J. Harpera, G. Johnsonb and L. Sunc, Stock price crash risk and CEO power: Firm-level analysis, Res. Int. Bus.
Finance 51(5) (2020) 23–39.
[12] A.W.-H. Hsu, H. Pourjalali and Y.-J. Song, Fair value disclosures and crash risk, J. Contemp. Account. Econ.
14(3) (2018) 358–372.
[13] A.P. Hutton, A.J. Marcus and H. Tehranian, Opaque financial reports, R2, and crash risk, J. Financ. Econ. 94(1)
(2009) 67—86.
[14] V. Khanna, E. Kim and Y. Lu, CEO connectedness and corporate fraud, J. Finance 70(3) (2015) 1203-–1252.
[15] S.P. Kothari, S. Shu and P.D. Wysocki, Do managers withhold bad news?, J. Account. Res. 47(1) (2009) 241—276.
[16] W. Lee and L. Wang, Do political connections affect stock price crash risk? Firm-level evidence from China, Rev.
Quant. Finance Account. 48(3) (2018) 643–676.
[17] A. Morse, V. Nanda and A. Seru, Are incentive contracts rigged by powerful CEOs?, J. Finance 66(5) (2011)
1779-–1821.
[18] M.H. Pesaran and Y. Shin, An autoregressive distributed-lag modelling approach to cointegration analysis,
Economet. Soc. Monogr. 31(3) (1998) 371–413.
[19] C.H. Shen and C.Y. Lin, Political connections, financial constraints, and corporate investment, Rev. Quant.
Finance Account. 47(2) (2015) 343–368.
[20] F. Sifients and M.S. Habibullah, Bank specific and macroeconomic determinants of bank profitability: Empirical
evidence from the China banking sector, Front. Econ. China 4(2) (2005) 274–291.
[21] Z.h. Wang, M.H. Chen, CH. Chin and Q. Zhang, Managerial ability, political connections, and fraudulent financial
reporting in China, J. Account. Public Policy 36(2) (2018) 141–162.