How causal focus and specificity in risk factor disclosures Jointly affect investor judgments

• Main Author: Yoo, G-Song
• Other Authors: Tan Hun-Tong
• Format: Theses and Dissertations
• Language: English
• Published: 2018
• Subjects: DRNTU::Business::Accounting
• Online Access: https://hdl.handle.net/10356/88217; http://hdl.handle.net/10220/45690
• Institution: Nanyang Technological University

Firms’ risk factor disclosures reflect a specific state of uncertainty relating to their future negative outcomes. Theory suggests that investors’ perceived nature of knowable (versus random) uncertainty inherent in a risk event and their assessments of management credibility are key mechanisms u...