When firms approach distress, whether they engage in asset substitution (risk shifting) or rebuild equity (risk …

Firm-specific risk causes opinion differences on whether it relates to price informativeness or errors. The main … management and firm-specific risk based on information transparency. It was conducted on firms listed on the Indonesia Stock … price assessments that indicate firm-specific risk. This proves that firm-specific risk shows a price error. These results …

resilience as indicated by its high-risk exposure and vulnerability. The objective of this paper is to point to policymakers the …. Policymakers should be aware and conversant about risk analysis, risk management, and what policies can best respond to exogenous …

rationale behind the bans was that "bear raids", driven by short-sellers, would increase the individual and systemic risk of … specifically target institutions with lower capital levels. Furthermore, institutions' risk-levels and changes in short …

. Besides output price uncertainty, the firm faces additional sources of risk which are aggregated into an additive background … risk. We show that the firm always chooses its optimal debt-equity ratio to minimize the weighted average cost of capital …, irrespective of the risk attitude of the firm and the incidence of the multiple sources of uncertainty. Even though the …