Elshandidy, Tamer; Zeng, Cheng - In: Borsa Istanbul Review 22 (2022) 3, pp. 498-514
This paper investigates whether risk-related disclosure, which includes aggregate risk disclosure and its tone, including upside and downside risk disclosures, is value relevant for investors in the UK market. Based on 1941 firm-year observations for nonfinancial firms listed on the FTSE...