Are Risk Management Disclosures Informative or Tautological? Evidence from the U.S. Banking Sector

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dc.contributor.author Jizi, Mohammad I.
dc.contributor.author Dixon, Robert
dc.date.accessioned 2021-02-10T12:04:41Z
dc.date.available 2021-02-10T12:04:41Z
dc.date.copyright 2017 en_US
dc.date.issued 2021-02-10
dc.identifier.issn 1911-382X en_US
dc.identifier.uri http://hdl.handle.net/10725/12475
dc.description.abstract Banks experienced increasing risk levels during the latest financial crisis. Investors’ confidence was shaken by the effectiveness of bank risk management practices, which has opened new challenges for bank management in approaching its risk. Understanding and communicating adopted risk management mechanisms is likely to provide insights and enable diagnosis on firm risk exposure. Conveying data that reduces information asymmetry might be reflected on stock performance. Investigating the impact of risk management disclosures content on stock price change and return volatility, using a sample of U.S. national commercial banks during 2009–2010, shows that informative risk management disclosures seems to be valued by investors. This is reflected on current‐year stock prices and reduces the subsequent‐year return variances. en_US
dc.language.iso en en_US
dc.title Are Risk Management Disclosures Informative or Tautological? Evidence from the U.S. Banking Sector en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 200201121 en_US
dc.author.department Finance And Accounting en_US
dc.description.embargo N/A en_US
dc.relation.journal Accounting Perspectives en_US
dc.journal.volume 16 en_US
dc.journal.issue 1 en_US
dc.article.pages 7-30 en_US
dc.keywords Risk management disclosure en_US
dc.keywords Stock returns en_US
dc.keywords U.S. banks en_US
dc.keywords Informations sur la gestion des risques en_US
dc.keywords Rendement des actions en_US
dc.keywords Secteur bancaire des États‐Unis en_US
dc.identifier.doi https://doi.org/10.1111/1911-3838.12134 en_US
dc.identifier.ctation Jizi, M. I., & Dixon, R. (2017). Are risk management disclosures informative or tautological? Evidence from the US banking sector. Accounting Perspectives, 16(1), 7-30. en_US
dc.author.email mohammad.jizi@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://onlinelibrary.wiley.com/doi/abs/10.1111/1911-3838.12134 en_US
dc.orcid.id https://orcid.org/0000-0002-1911-8215 en_US
dc.author.affiliation Lebanese American University en_US

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