The Impact of Downward Auditor Changes on Information Risk for Non-Accelerated Filers

2015 ◽  
Author(s):  
Renee E. Weiss ◽  
Lawrence P. Kalbers
Keyword(s):  
Information Risk ◽  
The Impact

Information risk, cost of equity and stock returns: evidence from Iranian firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmad Abdollahi ◽  
Mehdi Safari Gerayli ◽  
Yasser Rezaei Pitenoei ◽  
Davood Hassanpour ◽  
Fatemeh Riahi
Keyword(s):  
Stock Returns ◽  
Capital Market ◽  
Cost Of Capital ◽  
Positive Impact ◽  
Stock Exchange ◽  
Cost Of Equity ◽  
Content Type ◽  
Information Risk ◽  
The Cost ◽  
The Impact

Purpose A long history of literature has considered the role of information risk in determining the cost of equity. The question that has remained unanswered is whether information risk plays any systematic role in determining the cost of equity. One of the fundamental decisions that every business needs to make is to assess where to invest its funds and to re-evaluate, at regular intervals, the quality of its existing investments. The cost of capital is the most important yardstick to evaluate such decisions. Greater information is associated with the lower cost of capital via mitigating transaction costs and/or reducing estimation risk and stock returns. This study aims to investigate the impact of information risk on the cost of equity and corporate stock returns. Design/methodology/approach The research sample consists of 960 firm-year observations for companies listed on the Tehran Stock Exchange from 2009 to 2018. The research hypotheses were tested using multivariate regression models based on panel data. Findings The results reveal that information risk has a significant positive impact on the firm’s cost of equity. However, the impact of information risk on stock returns is not statistically significant. Originality/value To the best of the knowledge, the current study is almost the first of its kind in the Iranian literature which investigates the subject matter; therefore, the findings of the study not only extend the extant theoretical literature concerning the information risk in developing countries including the emerging capital market of Iran but also help investors, capital market regulators and accounting standard setters to make timely decisions.

The Impact of Disclosure Reform on Information Risk in NZX‐listed Stocks+

2006 ◽  
Vol 18 (1) ◽  
pp. 47-69 ◽  
Author(s):  
Russel Poskitt ◽  
Peihong Yang
Keyword(s):  
Information Risk ◽  
The Impact

scholarly journals The impact of mandatory IFRS adoption on banks’ share prices: Evidence from the OECD countries

2021 ◽  
Vol 22 (11) ◽  
pp. 1310-1326
Author(s):  
Rustam R. ABDURAUPOV ◽  
Feruz N. SULTANOV ◽  
Abdulla G. IBRAGIMOV
Keyword(s):  
Financial Reporting ◽  
Oecd Countries ◽  
Ordinary Least Squares ◽  
Share Price ◽  
Reporting Standards ◽  
Information Risk ◽  
Share Prices ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
The Impact

Subject. The adoption of International Financial Reporting Standards (IFRS) was a significant milestone to unify financial reporting standards. However, there are many conflicting views regarding the impact of IFRS implementation on the investment attractiveness of banks. This put us on analyzing the sensitivity of changes in the equity securities market in terms of information risk and adoption of IFRS. Objectives. The article aims to explore the relationship between the harmonization of accounting and international standards and the banks’ share prices in eleven OECD countries by analyzing panel data within 1997–2015. Methods. For the study, we used a set of tests, such as the Ordinary Least Squares regression, Hausman specification test, Variance Inflation Factor, Unit Root test, Panel-Corrected Standard Error regression, and the Breusch-Pagan test. Results. The obtained results indicate a positive impact of the IFRS adoption on the change in prices for bank shares. In particular, changes in stock prices averaged 64 units. This is explained by the benefits of applying IFRS, which include positive investor expectations, improved financial reporting quality and comparability across countries, and reduced information risk. Conclusions. The hypothesis of bank share price increase after the IFRS adoption is true for the OECD countries.

Modeling information risk in supply chain using Bayesian networks

2016 ◽  
Vol 29 (2) ◽  
pp. 238-254 ◽  
Author(s):  
Satyendra Sharma ◽  
Srikanta Routroy
Keyword(s):  
Risk Factors ◽  
Supply Chain ◽  
Bayesian Networks ◽  
Information Sharing ◽  
Causal Relationship ◽  
Negative Consequences ◽  
Subjective Data ◽  
Content Type ◽  
Information Risk ◽  
The Impact

Purpose – Information sharing enhances the supply chain profitability significantly, but it may result in adverse impacts also (e.g. leakages of secret information to competitors, sharing of wrong information that result into losses). So, it is important to understand the various risk factors that lead to distortion in information sharing and results in negative consequences. Information risk identification and assessment in supply chain would help in choosing right mitigation strategies. The purpose of this paper is to identify various information risks that could impact a supply chain, and develop a conceptual framework to quantify them. Design/methodology/approach – Bayesian belief network (BBN) modeling will be used to provide a framework for information risk analysis in a supply chain. Bayesian methodology provides the reasoning in causal relationship among various risk factors and incorporates both objective and subjective data. Findings – This paper presents a causal relationship among various information risks in a supply chain. Three important risk factors, namely, information security, information leakages and reluctance toward information sharing showed influence on a company’s revenue. Practical implications – Capability of Bayesian networks while modeling in uncertain conditions, provides a prefect platform for analyzing the risk factors. BBN provides a more robust method for studying the impact or predicting various risk factors. Originality/value – The major contribution of this paper is to develop a quantitative model for information risks in supply chain. This model can be updated when a new data arrives.

scholarly journals Dampak Implementasi XBRL terhadap Risiko Informasi

2020 ◽  
Vol 17 (1) ◽  
Author(s):  
Yuna Adhi Pamungkas ◽  
Ari Budi Kristanto
Keyword(s):  
Financial Reporting ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
Business Decisions ◽  
Information Risk ◽  
Significant Negative Effect ◽  
Analysis Technique ◽  
Negative Effect ◽  
The Impact ◽  
Positive Effect

This study aims to determine the impact of the implementation of XBRL on information risk for corporate financial reporting. The population in this study were all manufacturing companies listed on the IDX from 2012 to 2017. The samples in this study were obtained by purposive sampling method with the criteria (1) Manufacturing companies listed on the IDX in 2012 to 2017 (2) Having complete research data. The sample used in this study amounted to 84 companies registered in IDX in 2012 to 2017. Data analysis technique used multiple regression analysis to see the effect of XBRL implementation on information risk with company size and leverage as control variables. The results of this study indicate that the implementation of XBRL has a significant negative effect on information risk; Firm size and corporate action have a significant positive effect on information risk and leverage has a significant negative effect on information risk.  Financial reports that use XBRL will reduce information risk so it can help stakeholders to make a good quality business decisions.

Formation of Lunar Craters and Bright Rays as a Result of Meteorite Impacts

1962 ◽  
Vol 14 ◽  
pp. 415-418
Author(s):  
K. P. Stanyukovich ◽  
V. A. Bronshten
Keyword(s):  
Explosive Charge ◽  
The Moon ◽  
Meteorite Impacts ◽  
The Earth ◽  
Lunar Craters ◽  
The Impact

The phenomena accompanying the impact of large meteorites on the surface of the Moon or of the Earth can be examined on the basis of the theory of explosive phenomena if we assume that, instead of an exploding meteorite moving inside the rock, we have an explosive charge (equivalent in energy), situated at a certain distance under the surface.

The Geosciences Applied to Lunar Exploration

1962 ◽  
Vol 14 ◽  
pp. 169-257 ◽  
Author(s):  
J. Green
Keyword(s):  
Lunar Surface ◽  
Probable Mechanism ◽  
Point Of View ◽  
Lunar Exploration ◽  
Geological Model ◽  
Apply Geophysics ◽  
Surface Features ◽  
The Impact

The term geo-sciences has been used here to include the disciplines geology, geophysics and geochemistry. However, in order to apply geophysics and geochemistry effectively one must begin with a geological model. Therefore, the science of geology should be used as the basis for lunar exploration. From an astronomical point of view, a lunar terrain heavily impacted with meteors appears the more reasonable; although from a geological standpoint, volcanism seems the more probable mechanism. A surface liberally marked with volcanic features has been advocated by such geologists as Bülow, Dana, Suess, von Wolff, Shaler, Spurr, and Kuno. In this paper, both the impact and volcanic hypotheses are considered in the application of the geo-sciences to manned lunar exploration. However, more emphasis is placed on the volcanic, or more correctly the defluidization, hypothesis to account for lunar surface features.

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