The Effect of Mandated Market Risk Disclosures on Trading Volume Sensitivity to Interest Rate, Exchange Rate, and Commodity Price Movements

By Thomas J. Linsmeier, Daniel B. Thornton, Mohan Venkatachalam, Michael Welker. 2002

236 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/3fdf0d9c6eb7f1746433b3423101675223c9c076

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In Accounting

1. K. Hussainey
2. R. Craig
3. L. L. Rodrigues
4. Hany Elzahar
5. Tamer Elshandidy
6. J. Oliveira
7. I. Fraser
8. Yang Bao

In Economics and Econometrics

1. K. Hussainey
2. Hany Elzahar
3. Tamer Elshandidy
4. L. L. Rodrigues
5. I. Fraser

Citations in the corpus

• Aggregated, Voluntary and Mandatory Risk Disclosure Incentives: Evidence from UK FTSE All Share Companies (2013, background): “48 (FRR 48), issued in 1997)5 on financial reporting (Rajgopal, 1999; Hodder and McAnally, 2001; Jorion; 2002; Linsmeier et al., 2002; Jorgensen and Kirschenheiter, 2003, 2012).”
• Risk‐related disclosures by non‐finance companies: Portuguese practices and disclosure characteristics (2011, background): “If shareholders and creditors do not observe companies' risk management activities directly, they will tend to institute monitoring systems to increase the flow of information about those activities, and to reduce uncertainty ( Linsmeier et al. , 2002”
• Simultaneously Discovering and Quantifying Risk Types from Textual Risk Disclosures (2014, background): “Linsmeier et al. (2002) find that after firms disclose mandated information about their exposures to interest rates, foreign currency exchange rates, and energy prices, trading volume sensitivity to changes in these underlying market rates and prices declines, even after controlling for other…”
• Determinants of narrative risk disclosures in UK interim reports (2012, background): “…2002, 2007; Rajab and Handley-Schachler, 2009; Elshandidy et al. , 2011; Vandemele et al. , 2009) and/or for companies listed in regulated risk reporting environments (Hodder and McAnally, 2001; Jorgensen and Kirschenheiter, 2003, 2007; Jorion, 2002; Linsmeier et al. , 2002; Rajgopal, 1999).”
• Required Disclosures in Financial Reports (2007, unknown): “48 disclosures required by the SEC are apparently workable for this purpose (Thornton and Welker 2004; Linsmeier et al. 2002).”
• The benefits of specific risk-factor disclosures (2016, unknown): “…No. 48 by showing that the disclosed exposures to certain risk factors, such as commodity prices, foreign exchange rates, and interest rates, have incremental power to explain the future stock-return sensitivity to the risk-factors (Rajgopal 1999; Thornton and Welker 2004; Linsmeier et al. 2002).”
• Textual risk disclosures and investors’ risk perceptions (2013, unknown): “…and Financial Reporting Release (FRR) No. 48, which requires companies to disclose (largely in tabular format) exposures of financial assets and liabilities to market factors such as interest rates, exchange rates, and commodity prices (Rajgopal 1999; Wong 2000; Jorion 2002; Linsmeier et al. 2002).”