outlook for the risk evaluation in investment choice. Measurement tools form the main development in investment literature …

In this paper, we develop a dynamic model that captures the interaction between a firm’s cash reserves, the risk …

Information risk – the uncertainty regarding the parameters of the distribution of firms’ future cash flows – generates … valuation errors and is costly to investors who require a higher return to compensate for greater information risk. We argue … that, on average, through their impairment-testing disclosures managers convey information that reduces information risk …

elaborated with legitimacy theory, more precisely with Suchman’s (1995) typology. The methodological data collection is based on …