To disclose or not to disclose: Investor sentiment and risk disclosure
Yifan Jiang,
Hanjie Mao,
Gang Xiao and
Shengqi Yang
Economics Letters, 2024, vol. 241, issue C
Abstract:
We show that investor sentiment in the stock market significantly increases public firms’ risk disclosure. The effect is more pronounced for firms with greater risks, and is weaker for firms with greater concerns over stock price declines.
Keywords: Risk disclosure; Investor sentiment (search for similar items in EconPapers)
JEL-codes: G3 G38 Q5 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:241:y:2024:i:c:s0165176524003021
DOI: 10.1016/j.econlet.2024.111818
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