... investors’ heightened information demand when there is market-wide uncertainty. In addition, the authors investigate how COVID-19 may affect analysts’ cognitive bias. Design/methodology/approach The research uses a sample of US-listed firms from March 2019 to February 2021, the period surrounding...

...George Thomas Friedlob; Lydia L.F. Schleifer Auditors generally describe risk in terms of probabilities. Risk arises from lack of information which in turn leads to uncertainty. Since uncertainty exists when information is deficient and information can be deficient in different ways, it follows...