We examine the effect of litigation risk on management's decision to issue earnings forecasts. We use a new ex ante … measure of litigation risk, namely, the Directors and Officers liability insurance premium. This measure bypasses significant … problems associated with the estimation of ex ante litigation risk in prior studies. By using this measure of litigation risk …

This paper examines whether managers strategically time their earnings forecasts (MEFs) as litigation risk increases …. We find as litigation risk increases, the propensity to release a delayed forecast until after the market is closed (AMC …

risk can explain this regularity …

We develop a measure of how information events impact investors' perceptions of risk that is broadly applicable and … simultaneously conveys information on the announcer's expected future cash flows and risk profile. We empirically implement the … forecasting power for firms' risk-factor exposures, implied costs of capital, liquidity, and future investments. We also apply our …

We study whether bond markets efficiently incorporate information about risk. Our results suggest that bond investors … underreact to risk information embedded in earnings announcements. A one-standard deviation increase in unexpected risk is … find stronger results when information processing costs are higher and, consistent with litigation risk related to firm …

This study examines whether idiosyncratic risk significantly affects earnings quality in non-financial companies listed … on the Indonesia Stock Exchange. Research on developing countries, especially Indonesia, which links idiosyncratic risk …, which is the residual value of the Kasznik and Dechow-Dichev model, and idiosyncratic risk, which is measured based on the …