Note
Includes bibliography.
Member of
Contributors
Publisher
Florida Atlantic University
Date Issued
2018
EDTF Date Created
2018
Description
In a 2016 comment letter, the SEC summarizes the ongoing debate regarding the
usefulness of market risk disclosures and calls for additional discussion (SEC Concept
Release 2016). In response to the SEC’s call, I investigate whether investors and firms
benefit from market risk disclosures. Prior literature suggests that informative corporate
disclosure is associated with improved liquidity and investment efficiency. I find that
informative textual contents of market risk disclosures improve investors’ information
environment, and as a result, are associated with higher liquidity level, lower liquidity
uncertainty, and improved investment efficiency. My study is relevant to the ongoing
debate regarding the usefulness of market risk disclosures, calls for more detailed
regulatory guidance for market risk disclosures, and contributes to the literature on
liquidity, investment efficiency, and risk factor disclosures.
usefulness of market risk disclosures and calls for additional discussion (SEC Concept
Release 2016). In response to the SEC’s call, I investigate whether investors and firms
benefit from market risk disclosures. Prior literature suggests that informative corporate
disclosure is associated with improved liquidity and investment efficiency. I find that
informative textual contents of market risk disclosures improve investors’ information
environment, and as a result, are associated with higher liquidity level, lower liquidity
uncertainty, and improved investment efficiency. My study is relevant to the ongoing
debate regarding the usefulness of market risk disclosures, calls for more detailed
regulatory guidance for market risk disclosures, and contributes to the literature on
liquidity, investment efficiency, and risk factor disclosures.
Language
Type
Form
Extent
107 p.
Subject (Topical)
Identifier
FA00005979
Additional Information
Includes bibliography.
Dissertation (Ph.D.)--Florida Atlantic University, 2018.
FAU Electronic Theses and Dissertations Collection
Date Backup
2018
Date Created Backup
2018
Date Text
2018
Date Created (EDTF)
2018
Date Issued (EDTF)
2018
Extension
FAU
IID
FA00005979
Organizations
Attributed name: Florida Atlantic University
Attributed name: College of Business
Attributed name: School of Accounting
Person Preferred Name
Luo, Xin
author
Graduate College
Physical Description
application/pdf
107 p.
Title Plain
The Association of the Relative Informativeness of Market Risk Disclosures with Liquidity and Investment Efficiency
Use and Reproduction
Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
http://rightsstatements.org/vocab/InC/1.0/
Origin Information
2018
2018
Florida Atlantic University
Boca Raton, Fla.
Physical Location
Florida Atlantic University Libraries
Place
Boca Raton, Fla.
Sub Location
Digital Library
Title
The Association of the Relative Informativeness of Market Risk Disclosures with Liquidity and Investment Efficiency
Other Title Info
The Association of the Relative Informativeness of Market Risk Disclosures with Liquidity and Investment Efficiency