This study examines whether audit committee personnel training decreases future stock price crash risk. Using a hand-collected Korean sample comprising 2,378 firm-year observations from 2018 to 2022, we find that audit committee personnel training reduces future stock price crash risk by lowering real earnings management and curbing overinvestment. Additionally, our findings are more pronounced for firms with high information reporting opacity, high information asymmetry, audit committee chairs with accounting and financial expertise, and firms audited by high-quality auditors. The findings shed light on the value of training to audit committee personnel.

中文翻译：

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审计委员会人员培训与股价崩盘风险


本研究探讨审计委员会人员培训是否会降低未来股价崩盘风险。使用包含 2018 年至 2022 年 2,378 个公司年度观察的手工收集的韩国样本，我们发现审计委员会人员培训通过降低实际盈余管理和抑制过度投资来降低未来股价崩盘风险。此外，对于信息报告不透明度高、信息不对称程度高的公司、审计委员会主席具有会计和财务专业知识以及由高质量审计师审计的公司，我们的发现更为明显。研究结果揭示了审计委员会人员培训的价值。