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Stock price crash risk and military connected board: Evidence from Thailand

Sirimon Treepongkaruna1,2, Pattanaporn Chatjuthamard3, Arnat Leemakdej4

  • 1Sustainability in Finance & Capital Market Development Research Unit, Sasin School of Management, Chulalongkorn University, Bangkok, Thailand.

Plos One
|June 1, 2023
PubMed

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The hazard ratio (HR) is a widely used measure in clinical trials to compare the risk of events, such as death or disease recurrence, between two groups over time. It reflects the ratio of hazard rates—the instantaneous risk of the event occurring—between a treatment group and a control group. This measure provides valuable insights into the relative effectiveness of a treatment by assessing how the risk of an event differs between the two groups.
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