Elshandidy, Tamer; Zeng, Cheng - In: Borsa Istanbul Review 22 (2022) 3, pp. 498-514
, upside- (downside-) risk disclosure significantly increases (decreases) stock prices. We also find that the value relevance … significantly influence stock prices. Our paper contributes to the extant research on value relevance and risk reporting by … research with non-accounting information (i.e., risk information) is important for observing value relevance. Our paper also …