We test whether tax avoidance strategies are associated with greater firm risk. We find that low tax rates tend to be … associated with either future tax rate volatility or future overall firm risk. Our evidence suggests that, on average, corporate … tax avoidance is accomplished using strategies that are persistent and do not increase firm risk. We also find that the …

We develop a measure of how information events impact investors' expectations of risk. The measure is broadly … simultaneously conveys information on the announcer's expected future cash flows and risk profile. We empirically implement the … forecasting power for firms' risk profiles, costs of capital, and future investments. We further highlight pitfalls of using …

reason, this study attempts to analyze the management of risk in Indonesian banks, relying particularly from the commonly …-prescribed indicators, such as; market risk, credit risk, and operational risk. These sets of indicators are analyzed to note the relational …

In this study we examine whether higher levels of tax risk are associated with increased firm risk, as perceived by … capital market participants. Given the difficulties of measuring tax risk, we utilize four different proxies that prior … discretionary book-tax differences and cash ETR volatility are positively associated with several measures of firm risk, while the …

in the tourism sector and to identify the business risk assessment models. Scientists pay big attention to risk analysis …. A series of risk analysis theoretical, methodological and practical studies are made, but for the tourism risk … scientistseconomists do not pay attention in practice. Tourism risk assessment models, analyzed in the article, showed their adaptability …

I investigate whether information quality affects the cost of equity capital through liquidity risk. Liquidity risk is … the importance of this systematic risk. I find that higher information quality is associated with lower liquidity risk and … association between information quality and liquidity risk is stronger in times of large shocks to market liquidity …