The aim of this paper is to offer a theoretical analysis, inspired by research into social theories of risk, of the … the Risk Society thesis. Demands for social and environmental accounts within this risk arena could be seen to relate to … governing these risks. Insights from the Risk Society thesis offer useful understandings into appreciating Social and …

the information would otherwise have become public. Consequently, disclosure shifts risk from later cohorts of investors … to allocate risk intertemporally. This paper shows that a policy of partial disclosure (and, hence, of intertemporal risk … disclosure by (distressed) banks. -- Financial reporting ; disclosure ; information policy ; asset pricing ; intertemporal risk …

threshold. We assume risk neutral investors and that tax authorities integrate investors' reasoning in their decision on whether …. First, we find that even risk neutral investors will pay for tax certainty. Second, they enable us to explain the enormous …

control system and risk assessment; and that influences financial reporting positions in accordance with specific business … ; risk assessment ; uncertainties …

with suspect financial reporting, we investigate whether short interest provides a signal of the degree of audit risk. We … audit risk that reflects information not captured by traditional client risk measures. We also find an increase in the … they suggest that auditors' sensitivity to client risk information increased post-2002, indicating that efforts by …

Using Ohlson's (1980) measure of bankruptcy risk (O-Score), Dichev (1998, The Journal of Finance 53, 1131 …−1147) documents a bankruptcy risk anomaly in which firms with high bankruptcy risk earn lower than average returns. This study first … demonstrates that the negative association between bankruptcy risk and returns does not generalize to alternative measure of …

This study documents the prominent role of idiosyncratic risk in impeding arbitrage activities with regard to a new … future returns the “Vo/P anomaly.” We find that this Vo/P anomaly is exacerbated by idiosyncratic risk to a greater extent … than by any other arbitrage risk factor, including institutional ownership, analyst coverage, bid-ask spread, and trading …