... that corporate information risk (proxied by analyst forecast dispersion and discretionary accruals), and credit risk (proxied by lower Z-scores and credit rating downgrades) increase after firms experience vetoes. Heterogeneity analyses reveal stronger adverse effects of vetoes for firms without ties to the Big...

...Raheel Safdar; Chen Yan Purpose – The purpose of this paper is to investigate information risk in relation to cost of capital and, also, whether information risk is a priced risk factor in China. Design/methodology/approach – The authors used accruals quality (AQ) as the measure...