We argue that auditors are more conservative when they face high estimation risk. To test this, we examine how auditors … respond to the estimation risk associated with predicting the future bankruptcy outcomes of their audit clients. Consistent … with auditors being more conservative when they face higher estimation risk, we find that auditors are more likely to issue …

This study finds that better reporting quality is associated with less uncertainty about credit risk as captured by …

In the presence of litigation facing suppliers, the supply-chain relationship is at risk. Suppliers with principal … customers (dependent suppliers) have a higher concentration of sales to customers, and they are more at risk relative to …

This study empirically examines the role of risk sharing between taxable investors and the government on the relation … weaker or even reverses when (i) a firm's systematic risk is high, (ii) the market risk premium is high, or (iii) the risk … around substantive increases and decreases in the risk parameters. We corroborate our findings in a single country setting …

significantly positively associated with future realized stock returns and also significantly correlates with commonly used risk …

This study examines the relation between narrative risk disclosures and accounting conservatism by utilizing the SEC … filings. By viewing such risk factor disclosures (RFDs) as an integral part of financial reporting and disclosure, I … greater level of conservatism by increasing the level of risk perceived by financial statement users, who in turn may demand …

risk. This positive effect is stronger when the shared directors also sit on the boards of other large firms or of firms … highlight the important roles of corporate leaders in affecting firms' systematic risk …

risk. Our findings, which are based on a simple measure to identify innovative firms, are in contrast with previous papers … organization capital, which amplifies their systematic risk. In addition, small innovators contribute significantly to the size …