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The Benefits of Specific Risk-Factor Disclosures

Hope, Ole-Kristian - 2016

Practitioners have long criticized risk-factor disclosures in the 10-K as generic and boilerplate. In response, regulators emphasize the importance of being specific. By using a computing algorithm, this paper establishes a new measure (Specificity) to quantify the level of specificity of firms'...

Persistent link: https://www.econbiz.de/10013006284

The Benefits of Specific Risk-Factor Disclosures

Hope, Ole-Kristian - 2016

Persistent link: https://www.econbiz.de/10012996666

The (In)Visibility of Political Connections

Hope, Ole-Kristian - 2020

We study the extent to which market participants are informed about firms' political connections when the connections are not publicly disclosed and how it affects pricing efficiency. Using a sample of public announcements of government officials' corruption investigations, we find that, on...

Persistent link: https://www.econbiz.de/10012849675

Firm-Level Disclosures and the Relative Roles of Culture and Legal Origin

Hope, Ole-Kristian - 2003

internationally. In this paper, I investigate the relative roles of legal origin and national culture in explaining firm …) are important in explaining firm disclosure. Neither legal origin nor culture dominates with respect to overall … its importance decreases with the richness of a firm's information environment …

Persistent link: https://www.econbiz.de/10012740050

Large shareholders and accounting research

Hope, Ole-Kristian - In: China Journal of Accounting Research 6 (2013) 1, pp. 3-20

Large shareholders are a potentially very important element of firms' corporate governance system. Whereas analytical research is typically vague on who these large shareholders are, in practice there are important variations in the types of large owners (and the different types of large owners...

Persistent link: https://www.econbiz.de/10011936950

Market reactions to the closest peer firm's analyst revisions

Hope, Ole-Kristian; Zhao, Wuyang - 2016

literature by examining the focal firm's market reactions to the closest peer firm's (identified by product similarity) analyst … revisions. We find that the focal firm's stock price reacts to the closest peer's analyst revisions made by analysts who are not … covering the focal firm. The focal firm's CAR for a five-day window centered on the revision date is 0.54% higher if the peer …

Persistent link: https://www.econbiz.de/10011547602

Management deception, big-bath accounting, and information asymmetry : evidence from linguistic analysis

Hope, Ole-Kristian; Wang, Jingjing - 2018

Accounting big baths are pervasive in practice. While big baths can improve the information environment and reduce information asymmetry, they can also degrade the information environment and obscure operating performance. In this study, we examine the role of management ethics. Specifically, we...

Persistent link: https://www.econbiz.de/10012052331

The effects of MiFID II on sell-side analysts, buy-side analysts, and firms

Fang, Bingxu; Hope, Ole-Kristian; Huang, Zhongwei; … - 2019

test our predictions in difference-in-differences matched-sample research designs with firm fixed effects. We find a …

Persistent link: https://www.econbiz.de/10012052561

Blockholder exit threats in the presence of private benefits of control

Hope, Ole-Kristian; Wu, Han; Zhao, Wuyang - 2016

Exit theory predicts a governance role of outside blockholders' exit threats; but this role could be ineffective if managers' potential private benefits exceed their loss in stock-price declines caused by outside blockholders' exit. We test this prediction using the Split-Share Structure Reform...

Persistent link: https://www.econbiz.de/10011624469

Private company finance and financial reporting

Hope, Ole-Kristian; Vyas, Dushyantkumar - 2017

This article provides a comprehensive assessment of private firms' financing sources and their relation with financial reporting practices. We consider debt financing (bank financing, leasing, and government guarantees), equity financing (family ownership, government ownership, employee...

Persistent link: https://www.econbiz.de/10011646298

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