... on the idiosyncratic risk of the sample firms. Precisely, stock price volatility rises, but as the market absorbs this information, volatility subsides even as the disease spreads further. Further, lower levels of past debt and earnings and higher cash holdings ameliorate the pandemic's effects on tourism firms' risk...

...Haiyuan Yin; Meng Sun Purpose This paper aims to enrich the scope of the influence of media reports on the stock risk, and it also provides a path to support the research on the relationship between media reports and idiosyncratic risks in the stock market. Design/methodology/approach...

... Earning management Idiosyncratic risk Cash holdings Observable characteristics In today's era of innovation, rapidly changing technologies and global competition, a vital question is that who is responsible for shareholder's wealth maximization? (Gitman et al., 2015). Historically...