Prior research finds that mandatory risk factor disclosures are informative in that they increase investors … examining the association between Form 10-K risk factor disclosures and future cash flows levels and stock returns. We use the … these risks relate, and offer two main results. First, we find that tax risk factor disclosures are positively associated …

Firms with lower profitability have lower expected returns because such firms perform better than expected when market … with this hypothesis, the profitability anomaly is stronger for distressed and volatile firms, and aggregate volatility … risk can explain this regularity …

Here, we argue that the commercial for-profit insurance companies act more like a memory-less system in a way that the … conventional commercial counterpart. The objective of this study is to quantify the extent of profit made by the commercial … insurance companies born out of the premium after meeting up operating expenditures and claim settlements and how this profit …