Risk Management Research Report (RMRR) surveys and screens the flow of academic articles on risk management and presents extended scholarly summaries of today's most important scholarly work in a convenient format on a timely basis. Each issue features approximately 15 of the most important...

This paper assesses the quality of segment reporting using a measure based on the correlation between the performance of the segment and its industry. The findings show that the quality of segment information particularly earnings is lower than that of stand-alone firms. The difference is...

A number of studies have examined the change over time in the information content of accounting numbers to stockholders. However, the stockholders' perspective is not necessarily identical to that of debt holders. The two groups face different risks and rewards and thus their informational needs...

We compare the quality of accounting numbers produced by two types of public firms - those with publicly-traded equity and those with privately-held equity that are nonetheless considered public by virtue of having publicly-traded debt. We develop and test two hypotheses. The quot;demandquot;...

A number of studies have examined the change over time in the information content of accounting numbers to stockholders. However, the stockholders' perspective is not necessarily identical to that of debt holders. The two groups face different risks and rewards, and thus their informational...

A number of studies have examined the effect of public and private ownership on the cost of debt and conclude that the cost of debt of privately owned firms is higher, driven mainly by the poorer information environment in which these firms operate. We extend this strand of research in two ways....