Risk reporting is an emerging reporting challenge in Europe. Current literature assumescorporate risk reporting to be informative for its users. The purpose of this paper is toinvestigate in how far risk disclosures can meet the information function alleged.Embedded in frameworks of economics of...

Managerial forecast disclosure has gained increasing interest. Besides voluntary publication,managers are more and more obliged to disclose forecasts by recent accountingregulation. This acknowledges the common proposition that forecasts were exceptionallyrelevant and decision useful information...