메뉴 건너뛰기




Volumn 15, Issue 1, 2011, Pages 59-84

Corporate risk information in annual reports and stock price behavior in the united arab emirates

Author keywords

[No Author keywords available]

Indexed keywords


EID: 80054805517     PISSN: 10963685     EISSN: 15282635     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (22)

References (52)
  • 1
    • 34547883913 scopus 로고    scopus 로고
    • Analyzing the determinants of narrative risk information in UK FTSE 100 annual reports
    • Abraham, S. and Cox, P. (2007), "Analyzing the determinants of narrative risk information in UK FTSE 100 annual reports", The British Accounting Review, Vol. 39, pp. 227-248.
    • (2007) The British Accounting Review , vol.39 , pp. 227-248
    • Abraham, S.1    Cox, P.2
  • 2
    • 4344621465 scopus 로고    scopus 로고
    • Evidence on the efficiency of interest rate risk disclosures by commercial banks
    • Ahmed, A. S., Beatty, A. and Bettinghus, B. (2004), "Evidence on the efficiency of interest rate risk disclosures by commercial banks", The International Journal of Accounting, Vol. 39, pp. 223-251.
    • (2004) The International Journal of Accounting , vol.39 , pp. 223-251
    • Ahmed, A.S.1    Beatty, A.2    Bettinghus, B.3
  • 5
    • 56449115838 scopus 로고    scopus 로고
    • Corporate disclosure, cost of capital and reputations: Evidence from finance directors
    • Armitage S. and Marston, C., (2008), "Corporate disclosure, cost of capital and reputations: Evidence from finance directors", The British Accounting Review, Vol. 40, No, 4, pp. 314-336.
    • (2008) The British Accounting Review , vol.40 , Issue.4 , pp. 314-336
    • Armitage, S.1    Marston, C.2
  • 6
    • 43649086970 scopus 로고    scopus 로고
    • Value Relevance of Voluntary Disclosure in the Annual Report
    • Banghoj, J. and Plenborg, T., (2008) "Value Relevance of Voluntary Disclosure in the Annual Report", Accounting and Finance, Vol. 48, No. 2, pp. 159-180.
    • (2008) Accounting and Finance , vol.48 , Issue.2 , pp. 159-180
    • Banghoj, J.1    Plenborg, T.2
  • 7
    • 0002742759 scopus 로고
    • An Empirical Evaluation of Accounting Income Numbers
    • Ball, R. and Brown, P. (1968), "An Empirical Evaluation of Accounting Income Numbers", Journal of Accounting Research, Vol. 6, pp. 159-178.
    • (1968) Journal of Accounting Research , vol.6 , pp. 159-178
    • Ball, R.1    Brown, P.2
  • 8
    • 33644745549 scopus 로고    scopus 로고
    • Factors influencing voluntary corporate disclosure by Kenyan companies
    • Barako, D., Hancock, P. and Izan, H. (2006), "Factors influencing voluntary corporate disclosure by Kenyan companies", Corporate Governance, Vol. 14, No. 2, pp. 107-125.
    • (2006) Corporate Governance , vol.14 , Issue.2 , pp. 107-125
    • Barako, D.1    Hancock, P.2    Izan, H.3
  • 9
    • 0000933708 scopus 로고
    • The Association between Unsystematic Security Returns and Magnitude of Earning Forecast Errors
    • Beaver, W., Clarke, R., and Wright, W. (1979), "The Association between Unsystematic Security Returns and Magnitude of Earning Forecast Errors", Journal of Accounting Research, Vol. 17, pp. 316-340.
    • (1979) Journal of Accounting Research , vol.17 , pp. 316-340
    • Beaver, W.1    Clarke, R.2    Wright, W.3
  • 10
    • 4344621464 scopus 로고    scopus 로고
    • A Framework for the Analysis of Firm Risk Communication
    • Beretta, S. and Bozzolan, S. (2004), "A Framework for the Analysis of Firm Risk Communication", The International Journal of Accounting, Vol. 39, No. 3, pp. 265-288.
    • (2004) The International Journal of Accounting , vol.39 , Issue.3 , pp. 265-288
    • Beretta, S.1    Bozzolan, S.2
  • 11
    • 23744489005 scopus 로고    scopus 로고
    • The Disclosure of Risk in Financial Statements
    • Cabedo, J. D. and Tirado, J. M. (2004), "The Disclosure of Risk in Financial Statements", Accounting Forum, Vol. 28, No. 2, pp. 181-200.
    • (2004) Accounting Forum , vol.28 , Issue.2 , pp. 181-200
    • Cabedo, J.D.1    Tirado, J.M.2
  • 14
    • 0038730499 scopus 로고    scopus 로고
    • Foreign currency exchange risk management: a case of the mining industry
    • Dhanani, A. (2003), "Foreign currency exchange risk management: a case of the mining industry", The British Accounting Review, Vol. 35, pp.35-63.
    • (2003) The British Accounting Review , vol.35 , pp. 35-63
    • Dhanani, A.1
  • 15
    • 84942585214 scopus 로고
    • Disclosure, Liquidity, and The Cost of Capital"
    • Diamond, Douglas W. and Verrecchia, Robert E. (1991), "Disclosure, Liquidity, and The Cost of Capital", Journal of Finance Vol: 46, pp. 1325-1360.
    • (1991) Journal of Finance , vol.46 , pp. 1325-1360
    • Diamond, D.W.1    Verrecchia, R.E.2
  • 16
    • 36849049274 scopus 로고    scopus 로고
    • Information asymmetry, information dissemination and the effect of regulation FD on the cost of capital
    • Duarte, J., Han, X., Harford, J., and Young L. (2007), "Information asymmetry, information dissemination and the effect of regulation FD on the cost of capital", Journal of Financial Economics, Vol: 87, No. 1, pp. 24-44.
    • (2007) Journal of Financial Economics , vol.87 , Issue.1 , pp. 24-44
    • Duarte, J.1    Han, X.2    Harford, J.3    Young, L.4
  • 17
    • 2442609381 scopus 로고    scopus 로고
    • Information and the Cost of Capital
    • Easley, D. and O'hara, M. (2004), "Information and the Cost of Capital," Journal of Finance, Vol. 59, No. 1, pp. 1553-1583.
    • (2004) Journal of Finance , vol.59 , Issue.1 , pp. 1553-1583
    • Easley, D.1    O'hara, M.2
  • 18
    • 0000480869 scopus 로고
    • Efficient Capital Markets: A review of theory and empirical work
    • Fama, E. F. (1970), "Efficient Capital Markets: A review of theory and empirical work", Journal of Finance, Vol. 25, No. 2, pp. 383-417.
    • (1970) Journal of Finance , vol.25 , Issue.2 , pp. 383-417
    • Fama, E.F.1
  • 19
    • 84977737676 scopus 로고
    • The Cross Section of Expected Stock Returns
    • Fama, E. F. and French, K. R. (1992)," The Cross Section of Expected Stock Returns", The Journal of Finance, Vol. 47, pp. 427-466.
    • (1992) The Journal of Finance , vol.47 , pp. 427-466
    • Fama, E.F.1    French, K.R.2
  • 20
    • 38549147867 scopus 로고
    • Common risk factor in the returns on stocks and bonds
    • Fama, E. F. and French, K. R. (1993), "Common risk factor in the returns on stocks and bonds", Journal of Financial Economics, Vol. 33, pp. 3-56.
    • (1993) Journal of Financial Economics , vol.33 , pp. 3-56
    • Fama, E.F.1    French, K.R.2
  • 21
    • 62649094250 scopus 로고    scopus 로고
    • The Case Mandatory Disclosure in Securities Regulation around the World
    • Ferrell, A. (2007), "The Case Mandatory Disclosure in Securities Regulation around the World", Brooklyn Journal of Corporate Financial and Commercial Law, Vol. 2, pp. 81-132.
    • (2007) Brooklyn Journal of Corporate Financial and Commercial Law , vol.2 , pp. 81-132
    • Ferrell, A.1
  • 22
    • 34249748994 scopus 로고    scopus 로고
    • SEC Regulation Fair Disclosure, information, and the cost of capital
    • Gomes, A., Gorton, G., and Madureia, L. (2007), "SEC Regulation Fair Disclosure, information, and the cost of capital", Journal of Corporate Finance, Vol: 13, No. 2-3, pp. 300-334.
    • (2007) Journal of Corporate Finance , vol.13 , Issue.2-3 , pp. 300-334
    • Gomes, A.1    Gorton, G.2    Madureia, L.3
  • 23
    • 70349635093 scopus 로고    scopus 로고
    • UAE corporations-specific characteristics and level of risk disclosure
    • Hassan, M. K. (2009), "UAE corporations-specific characteristics and level of risk disclosure", Managerial Auditing Journal, Vol. 24, Issue 7, pp. 668-687.
    • (2009) Managerial Auditing Journal , vol.24 , Issue.7 , pp. 668-687
    • Hassan, M.K.1
  • 25
    • 34250693655 scopus 로고    scopus 로고
    • Information Asymmetry, Diversification, and Cost of Capital
    • Hughes, J. S., Liu, J. and Liu, J. (2007), "Information Asymmetry, Diversification, and Cost of Capital" The Accounting Review Vol. 82, pp. 705-730.
    • (2007) The Accounting Review , vol.82 , pp. 705-730
    • Hughes, J.S.1    Liu, J.2    Liu, J.3
  • 26
    • 34547124311 scopus 로고    scopus 로고
    • A discussion of corporate disclosure by family firms
    • Hutton, A. P., (2007), "A discussion of corporate disclosure by family firms", Journal of Accounting and Economics, Vol. 44, No. 1-2, pp. 287-297.
    • (2007) Journal of Accounting and Economics , vol.44 , Issue.1-2 , pp. 287-297
    • Hutton, A.P.1
  • 27
    • 80054818384 scopus 로고    scopus 로고
    • Institute of Chartered Accountants in England and Wales, London. Institute of Chartered Accountants in England and Wales, (2000), No surprise: the case for better risk reporting, issued by financial reporting committee at the ICAEW, London
    • Institute of Chartered Accountants in England and Wales, (1997), Financial reporting of risks: proposal for a statement of business risk, issued by financial reporting committee at the ICAEW, London. Institute of Chartered Accountants in England and Wales, (2000), No surprise: the case for better risk reporting, issued by financial reporting committee at the ICAEW, London.
    • (1997) Financial reporting of risks: proposal for a statement of business risk, issued by financial reporting committee at the ICAEW
  • 28
    • 44649197264 scopus 로고
    • Theory of Firm: Managerial Behavior, Agency Cost, and Ownership Structure
    • Jensen, M. and Meckling, W. (1976), "Theory of Firm: Managerial Behavior, Agency Cost, and Ownership Structure", Journal of Financial Economics, Vol. 3, pp. 306-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 306-360
    • Jensen, M.1    Meckling, W.2
  • 29
    • 0000358003 scopus 로고
    • Trading volume and price reactions to public announcements
    • Kim, O, and Verrecchia, R. E. (1991a), "Trading volume and price reactions to public announcements", Journal of Accounting Research, Vol. 29, pp. 302-321.
    • (1991) Journal of Accounting Research , vol.29 , pp. 302-321
    • Kim, O.1    Verrecchia, R.E.2
  • 30
    • 0000114036 scopus 로고
    • Market reaction to anticipated announcements
    • Kim, O, and. Verrecchia, R. E. (1991b), "Market reaction to anticipated announcements", Journal of Financial Economics Vol. 30, pp. 273-310.
    • (1991) Journal of Financial Economics , vol.30 , pp. 273-310
    • Kim, O.1    Verrecchia, R.E.2
  • 31
    • 0001890588 scopus 로고
    • Market liquidity and volume around earnings announcements
    • Kim, O, and Verrecchia, R. E. (1994), "Market liquidity and volume around earnings announcements", Journal of Accounting and Economics, Vol. 17, pp. 41-67.
    • (1994) Journal of Accounting and Economics , vol.17 , pp. 41-67
    • Kim, O.1    Verrecchia, R.E.2
  • 32
    • 0035486456 scopus 로고    scopus 로고
    • The Relation Among Disclosure, Returns, And Trading Volume Information
    • Kim, O. and Verrecchia, R. E. (2001), "The Relation Among Disclosure, Returns, And Trading Volume Information", Accounting Review Vol. 76, pp. 633-654.
    • (2001) Accounting Review , vol.76 , pp. 633-654
    • Kim, O.1    Verrecchia, R.E.2
  • 33
    • 35248822219 scopus 로고    scopus 로고
    • Regression-Based Tests of Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares
    • Kraft, A., Andrew J., and Wasley, C. E. (2007), "Regression-Based Tests of Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares" Journal of Account Research, Vol. 45, No. 5, pp. 1081-1113.
    • (2007) Journal of Account Research , vol.45 , Issue.5 , pp. 1081-1113
    • Kraft, A.1    Andrew, J.2    Wasley, C.E.3
  • 35
    • 26844510434 scopus 로고    scopus 로고
    • Labor Cost Voluntary Disclosures and Firm Equity Values: Is human capital information is value relevant?, Journal of International Accounting
    • Lajili, K. and Zeghal, D. (2005), "Labor Cost Voluntary Disclosures and Firm Equity Values: Is human capital information is value relevant?", Journal of International Accounting, Auditing and Taxation, Vol. 14, No. 2, pp.121-138.
    • (2005) Auditing and Taxation , vol.14 , Issue.2 , pp. 121-138
    • Lajili, K.1    Zeghal, D.2
  • 36
    • 33947395973 scopus 로고    scopus 로고
    • Accounting Information, Disclosure, and the Cost of Capital
    • Lambert, R., Leuz, C. and Verrecchia, R. E. (2007) "Accounting Information, Disclosure, and the Cost of Capital", Journal of Accounting Research Vol. 45, pp. 385-420.
    • (2007) Journal of Accounting Research , vol.45 , pp. 385-420
    • Lambert, R.1    Leuz, C.2    Verrecchia, R.E.3
  • 37
    • 20744445357 scopus 로고    scopus 로고
    • Voluntary Disclosures in Emerging Capital Market: Evidence from Athens Stock Exchange
    • Leventis, S. and Weetman, P. (2004), "Voluntary Disclosures in Emerging Capital Market: Evidence from Athens Stock Exchange", Advances in International Accounting, Vol. 17, pp. 227-250.
    • (2004) Advances in International Accounting , vol.17 , pp. 227-250
    • Leventis, S.1    Weetman, P.2
  • 38
    • 80054818957 scopus 로고    scopus 로고
    • Do Stock Market Investors Understand the Risk Sentiment of Corporate Annual Reports?
    • Li, Feng, (2007), "Do Stock Market Investors Understand the Risk Sentiment of Corporate Annual Reports?" Working paper, University of Michigan.
    • (2007) Working paper, University of Michigan
    • Li, F.1
  • 39
    • 34547664696 scopus 로고    scopus 로고
    • Risk Reporting by the Largest UK Companies: Readability and Lack of Obfuscation - Research Note
    • Linsley, P. M. and Lawrence, M. (2007), "Risk Reporting by the Largest UK Companies: Readability and Lack of Obfuscation - Research Note", Accounting, Auditing and Accountability Journal, Vol. 20, No. 4, pp. 620-627.
    • (2007) Accounting, Auditing and Accountability Journal , vol.20 , Issue.4 , pp. 620-627
    • Linsley, P.M.1    Lawrence, M.2
  • 40
    • 33750954519 scopus 로고    scopus 로고
    • Risk Reporting: A Study of Risk Disclosure in the Annual Reports of UK Companies
    • Linsley, P. M., and Shrives, P. J., (2006), "Risk Reporting: A Study of Risk Disclosure in the Annual Reports of UK Companies", The British Accounting Review, Vol. 38, No. 4, pp. 387-404.
    • (2006) The British Accounting Review , vol.38 , Issue.4 , pp. 387-404
    • Linsley, P.M.1    Shrives, P.J.2
  • 41
    • 33847415953 scopus 로고    scopus 로고
    • Accounting for financial instruments: an analysis of the determinants of disclosure in the Portuguese stock exchange
    • Lopes, P. T. and Rodrigues, L. L. (2007), "Accounting for financial instruments: an analysis of the determinants of disclosure in the Portuguese stock exchange", The International Journal of Accounting, Vol. 42, pp. 25-56.
    • (2007) The International Journal of Accounting , vol.42 , pp. 25-56
    • Lopes, P.T.1    Rodrigues, L.L.2
  • 42
    • 84890635536 scopus 로고
    • Mandatory Disclosure as a Solution to Agency Problems
    • Mahoney, P. G., (1995), "Mandatory Disclosure as a Solution to Agency Problems", The University of Chicago Law Review, Vol. 62, No. 3, pp. 1047-1112.
    • (1995) The University of Chicago Law Review , vol.62 , Issue.3 , pp. 1047-1112
    • Mahoney, P.G.1
  • 43
    • 12344317307 scopus 로고    scopus 로고
    • Decision Processes, Agency Problems, and Information: An Economic Analysis of Capital Budgeting Procedures
    • Marino, Y. M. and Matsusaka, N G. (2005), "Decision Processes, Agency Problems, and Information: An Economic Analysis of Capital Budgeting Procedures", The Review of Financial Studies, Vol. 18, No. 1, pp. 301-325.
    • (2005) The Review of Financial Studies , vol.18 , Issue.1 , pp. 301-325
    • Marino, Y.M.1    Matsusaka, N.G.2
  • 44
    • 33746607497 scopus 로고
    • Political risk assessment and disclosure in annual financial reports: the case of Persian Gulf War, Journal of International Accounting
    • Meier, H. H.; Tomaszeweski, S. G.; and Tobing, R. (1995), "Political risk assessment and disclosure in annual financial reports: the case of Persian Gulf War", Journal of International Accounting, Auditing and Taxation, Vol. 4, No.1, pp.49-68.
    • (1995) Auditing and Taxation , vol.4 , Issue.1 , pp. 49-68
    • Meier, H.H.1    Tomaszeweski, S.G.2    Tobing, R.3
  • 45
    • 33751551248 scopus 로고    scopus 로고
    • How to Build Reputation in Financial Markets
    • Mazzola, P.; Ravasi, D.; and Gabbioneta, C. (2006), "How to Build Reputation in Financial Markets", Long Range Planning, Vol. 39, No. 4, pp. 385-407.
    • (2006) Long Range Planning , vol.39 , Issue.4 , pp. 385-407
    • Mazzola, P.1    Ravasi, D.2    Gabbioneta, C.3
  • 46
    • 33646861009 scopus 로고    scopus 로고
    • Determinants of Corporate Social Disclosure in Developing Countries: The Case of Qatar
    • Naser, K., Al-Hussaini, A., Al-Kwari, D., and Nuseibeh, R. (2006), "Determinants of Corporate Social Disclosure in Developing Countries: The Case of Qatar", Advances in International Accounting, Vol. 19, pp. 1-23.
    • (2006) Advances in International Accounting , vol.19 , pp. 1-23
    • Naser, K.1    Al-Hussaini, A.2    Al-Kwari, D.3    Nuseibeh, R.4
  • 47
    • 0041402718 scopus 로고    scopus 로고
    • Liquidity Risk and Expected Stock Returns
    • Pastor, L., and Stambaugh, R. F. (2003), "Liquidity Risk and Expected Stock Returns," Journal of Political Economy, Vol. 111, No. 3, pp. 642-685.
    • (2003) Journal of Political Economy , vol.111 , Issue.3 , pp. 642-685
    • Pastor, L.1    Stambaugh, R.F.2
  • 49
    • 0036889167 scopus 로고    scopus 로고
    • Measuring transparency and disclosure at firm-level in emerging markets
    • Patel, S. A.; Balic, A.; and Bwakira, L. (2002), "Measuring transparency and disclosure at firm-level in emerging markets", Emerging market Review, Vol. 3, No. 4, pp. 325-337.
    • (2002) Emerging market Review , vol.3 , Issue.4 , pp. 325-337
    • Patel, S.A.1    Balic, A.2    Bwakira, L.3
  • 51
    • 0012419790 scopus 로고    scopus 로고
    • Corporate Financial Disclosure in Emerging Markets: Does economic development matter?
    • Salter, S. B., (1998), "Corporate Financial Disclosure in Emerging Markets: Does economic development matter?", The International Journal of Accounting, Vol. 33, No. 2, pp. 211-234.
    • (1998) The International Journal of Accounting , vol.33 , Issue.2 , pp. 211-234
    • Salter, S.B.1
  • 52
    • 40749102164 scopus 로고    scopus 로고
    • Determinants and consequences of voluntary disclosure in an emerging market: Evidence from China, Journal of International Accounting
    • Wang, K., Sewon, O., and Claiborne, M. C. (2008), "Determinants and consequences of voluntary disclosure in an emerging market: Evidence from China", Journal of International Accounting, Auditing and Taxation, Vol. 17, No. 1, pp. 14-30.
    • (2008) Auditing and Taxation , vol.17 , Issue.1 , pp. 14-30
    • Wang, K.1    Sewon, O.2    Claiborne, M.C.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.