Correction to: Risk disclosure and firm operational efficiency

A decision methodology for managing operational efficiency and information disclosure risk in healthcare processes

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The Impact of Conservatism in Risk Disclosure on Investment Efficiency considering Information Asymmetry

In firms with conservative risk disclosure more validity is needed to disclose good risk news and a lower standard of validity is needed to disclose bad risk news. Conservatism in risk disclosure(CRD) as a regulatory mechanism can be effective in reducing the investment inefficiency. The aim of this research is to investigate the effect of CRD on investment efficiency. The research period from ...

Managerial Empire Building and Firm Disclosure

This study tests the agency cost hypothesis in the context of geographic earnings disclosures. The agency cost hypothesis predicts that managers, when not monitored by shareholders, will make self-maximizing decisions which may not necessarily be in the best interest of shareholders. These decisions include aggressively growing the firm, which reduces profitability and destroys firm value. Geog...

Stock Based Compensation: Firm-specific risk, Efficiency and Incentives

We propose a continuous time utility maximization model to value stock and option compensation from the executive's perspective. We allow the executive to invest non-option wealth in the market and riskless asset but not in the company stock itself. This enables executives to adjust exposure to market risk, but they are subject to firm-specific risk for incentive purposes. Since the executive i...

Effects Of Risk Parameters (Credit, Operational, Liquidity And Market Risk) On Banking System Efficiency (Studying 15 Top Banks In Iran)