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This study examines whether marriage, as a social construct and cultural norm, can affect firm‐level stock price crash risk. We find that firms managed by married CEOs are associated with lower future stock price crash risk, after controlling for a set of firm characteristics and CEO traits. We document that CEO marriage reduces crash risk by curbing bad news hoarding and formation activities. Moreover, the attenuating impact of CEO marriage on crash risk is more pronounced among firms with weaker corporate governance and those run by less prominent, higher‐delta and lower‐paid CEOs. [ABSTRACT FROM AUTHOR]

The article focuses on a study on using short-maturity corporate debt for protecting shareholders' wealth and maintain the interests of creditors. Topics discussed include how short-term debt lower the risk of future stock price crashes; the influence of corporate governance in this regard; and information asymmetry, and risk-taking.