Discretionary Risk Disclosures

By Bjorn N. Jorgensen, Michael T. Kirschenheiter. 2003

222 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/de01c38cedd3b4a737dbf9ac5f454ff8fa497118

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Citations in the corpus

Capital Structure, Cost of Capital, and Voluntary Disclosures (2011, background): “Since the iso-cost lines of the objective function (23) are parallel to the line (27), any point (Δm,Δh) on the line (27) that satisfies (24) and (26) determines an optimal security.”
How do Investors Judge the Risk of Financial Items (2003, unknown): “earnings or the covariance of these measures with market factors (Froot, et al. 1993; Jorgensen and Kirschenheiter 2003 ).”
What Drives Quality of Firm Risk Disclosure? The Impact of a National Disclosure Standard and Reporting Incentives under IFRS (2012, background): “This result suggests that high business risk may increase pressures for high-quality risk reporting, if the profitability of the firm is low (cf., Jorgensen & Kirschenheiter, 2003; Cahan et al., 2005).31 (table 6 about here) Impact of the standard on the location of risk disclosure To obtain…”
Voluntary disclosure of information when firms are uncertain of investor response (2007, unknown): “The refinements proposed by Kohlberg and Mertens (1986), Grossman and Perry (1986) and Cho and Kreps (1987) do not eliminate any of the disclosure equilibria.”
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).”
The benefits of specific risk-factor disclosures (2016, unknown): “7 Jørgensen and Kirschenheiter (2003) analytically examine how risk disclosures can affect stock returns.”
Earnings Guidance and Market Uncertainty (2009, unknown): “For example, Jorgensen and Kirschenheiter (2003) model a setting whereby managers choose whether to inform investors about the variance (rather than the expectation) of the firm’s future cash flows.”
What drives mandatory and voluntary risk reporting variations across Germany, UK and US? (2015, unknown): “Consistent with Jorgensen and Kirschenheiter (2003) and (2012), MRR expresses the risk information that firms exhibit within or above, but still related to, risk regulations that set the minimum requirements.”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “Finally, there is a direct link between disclosure and the cost of capital (or expected returns) arising from estimation risk (e.g., Brown, 1979; Barry and Brown, 1984, 1985; Coles and Loewenstein 1988, Jorgensen and Kirschenheiter, 2003; Hughes et al., 2007; Lambert et al. 2007, 2012).”
Economic Incentives for Voluntary Reporting on Internal Risk Management and Control Systems (2008, background): “, believe there is weak internal control (Jorgensen and Kirschenheiter 2003).”