In this paper, I examine the impact of ambiguity (Knightian uncertainty), alongside that of risk, on firms’ voluntary … disclosure decisions. I confirm the well-known result that an increase in risk— uncertainty over outcomes—is associated with an … which risk impacts managers’ disclosure decisions have been extensively studied in the accounting literature, no extant …

the cross-market Kyle's lambda. The sign is positive (negative) if private information concerns the mean (risk) of the …

. This study aims to analyze the phenomenon of idiosyncratic risk in Indonesia, whether it is related to price … liquidity levels and stock liquidity risk. Our research revealed the relationship between information asymmetry in the … stock liquidity, liquidity risk, and information asymmetry. The findings of this study are expected to contribute to the …

risk-taking across market cycles. As mechanism, we identify an asymmetry in how individuals update their expectations …

investigates the role played by mutual funds around SEO announcements in China. To the extent that shareholdings already held by …

price crash risk of China's publicly listed firms over the period of 2017-2021. The empirical results show that risk …This study examines whether and how risk disclosures in Management Discussion and Analysis (MD&A) affected the stock … disclosures within the MD&A section are signif‑ icantly and negatively associated with the future stock price crash risk, even …

This paper investigates the risk-return relations in Chinese equity markets. Based on a TARCH-M model, evidence shows … that stock returns are positively correlated with predictable volatility, supporting the risk-return relation in both … aggregate and sectoral markets. Evidence finds a positive relation between stock return and intertemporal downside risk, while …