... conservatism, which employed the “log odds ratio informative Dirichlet prior,” generally align with conventional measures regarding conservatism, text uncertainty and tone. Still, the readability of 10-K reports and their implications for analyst forecast accuracy differ. We conclude that supplementing...

...Van Dan Dang; Hoang Chung Nguyen Purpose The paper investigates the link between uncertainty and banks' balance sheet reactions. Design/methodology/approach The study employs bank-level data in Vietnam during 2007–2019 to measure micro uncertainty in banking through the dispersion of bank...

... the literature on the cost of players’ injuries to professional sports leagues and other organizations. Findings The authors concluded that players’ injury costs are substantial and sufficiently variable to be a primary source of financial uncertainty for a team. Originality/value This study's value has...

...Steve Fortin; Ahmad Hammami; Michel Magnan Purpose This study examines the long-term link between fair valuation uncertainty and discounts/premia in closed-end funds. This study argues that, in exploring the close-end funds puzzle, prior research generally omits to consider the uncertainty...

...Justin S. Cox Purpose The purpose of this paper is to examine how pre-IPO cash flow and earnings volatility influence both post-IPO pricing and valuation. This paper provides an empirical extension of Pástor and Veronesi’s (2003, 2005) argument that uncertainty surrounding a private firm’s...

...Keming Li; Mohammad Riaz Uddin; J. David Diltz Purpose – Prior research has documented the role of information uncertainty in the cross-sectional variation in stock returns. Miller (1977) hypothesizes that if information uncertainty is caused by differences of opinion, prices will reflect only...

...Garrett C.C. Smith Purpose – The purpose of this paper is to examine the effects of financial flexibility as represented by excess cash holdings and debt capacity upon firm returns after periods of high market uncertainty. Design/methodology/approach – Days of high uncertainty...

...Chee W. Chow; Kamal M. Haddad; Anne Wu This study contributes exploratory evidence on the relationships between corporate culture and company size, competitive environment and corporate performance in the U.S. and Taiwan. The findings indicate that environmental uncertainty – one aspect of industry...

... in the banking industry and future uncertainties. We focus on lending institutions to analyze the effect of uncertainties on lending (investment) decisions for several reasons. First, it is easy to identify the main sources of uncertainties for the assets and liabilities of the financial institutions – default...

... packages which can deal with uncertainty are both complex and expensive. Uses a theoretical company to demonstrate how a normal Excel spreadsheet can be used in conjunction with a common add‐on package (@RISK) to improve analysis and run Monte Carlo simulations as a basis for decision making. Compares...

...Sangphill Kim; Lowell Alahassane Diallo; Lawrence Klein Outlines previous research on compensation schemes in situations of uncertainty and explores the effects of three different plans on managers’ output decisions. Discusses the role of flat salary, profit share, actual shares and share options...