Textual risk disclosures and investors’ risk perceptions

By Todd D. Kravet, Volkan Muslu. Review of accounting studies, 2013

549 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/be24a03fb29fc8d12cdf13ebe8170eb33f033faa

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Citations in the corpus

The impact of narrative disclosure readability on bond ratings and the cost of debt (2017, unknown): “However, recent work by Loughran and McDonald (2014a) suggests that the index may be misspecified in the financial statement setting because many of the multisyllabic words identified as Bcomplex^ by the Fog Index should be well understood by investors. Although Loughran and McDonald (2014a) suggest”
The benefits of specific risk-factor disclosures (2016, unknown): ““Risk factors,” Item 1A of the 10-K required by the SEC in 2005, provides risk information in a broader sense not limited to firms’ market risk and financial positions; however, the information contained in this section is descriptive and qualitative. In an early study, Li (2006) counts the frequenc”
The board's role in risk disclosure: an exploratory study of Italian listed state-owned enterprises (2016, methodology): “A computer-based content analysis procedure was then used to generate the risk disclosure score (DS) following the method employed by Kravet and Muslu (2013).”
Natural Language Processing in Accounting, Auditing and Finance: A Synthesis of the Literature with a Roadmap for Future Research (2016, background): “…and future firm performance (Frazier et al., 1984; Hussainey et al., 2003; Beattie et al., 2004; Levine & Smith, 2006; Linsley & Shrives, 2006; Mohan, 2006; Hanley & Hoberg, 2008; Muslu et al., 2010; Durnev & Mangen, 2011; Kravet & Muslu, 2011; Merkley, 2011, 2014; Campbell et al., 2014).”
What drives mandatory and voluntary risk reporting variations across Germany, UK and US? (2015, unknown): “In such cases, one might claim (e.g., Frith, 1984; Kothari, Li, and Short, 2009; Kravet and Muslu, 2013) that firms that”
Customers’ Risk Factor Disclosures and Suppliers’ Investment Efficiency (2019, background): “Kravet and Muslu (2013) examine the changes in textual risk disclosures in the whole 10-”
Do key audit matters impact financial reporting behavior? (2020, unknown): “Further, Kravet and Muslu (2013) find that annual increases in the number of risk sentences are positively associated with increased stock return volatility and higher trading volume.”
Readability of 10‐K Reports and Stock Price Crash Risk (2019, unknown): “K report provides managers with a vehicle to disclose these types of critical inside information (e.g., Campbell et al. 2014; Kravet and Muslu 2013; Li 2006; Li et al. 2013; Merkley 2014).”
The Spillover Effect of SEC Comment Letters on Qualitative Corporate Disclosure: Evidence from the Risk Factor Disclosure (2017, background): “Kravet and Muslu (2013) identify risk-related discussion using keyword searches in multiple sections of the 10-”