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185662

Investigating the Effect of Risk Disclosure Quality on Investors’ Reaction in the Egyptian Capital Market

Article

Last updated: 22 Jan 2023

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Abstract

This paper aims to examine the association between the change in the firm's risk disclosure level and investors' reaction in the Egyptian capital market. An event study was conducted over two years (2018 and 2019) to capture how investors respond to the Egyptian firm's reported risk information. The findings revealed that the Egyptian firms' risk disclosure did not provide new information to the capital market. Hence, investors did not change their expectations regarding the firm's future cash flows and their trading reaction in the capital market.

DOI

10.21608/mosj.2021.185662

Keywords

Risk disclosure quality, Negative stock return volatility

Authors

First Name

Yousra

Last Name

Rageh Obiedallah

MiddleName

-

Affiliation

Faculty of Commerce Sohag University

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City

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Orcid

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Volume

31

Article Issue

2

Related Issue

26780

Issue Date

2021-08-01

Receive Date

2021-07-26

Publish Date

2021-08-01

Page Start

45

Page End

52

Print ISSN

1687-3440

Online ISSN

2682-3349

Link

https://mosj.journals.ekb.eg/article_185662.html

Detail API

https://mosj.journals.ekb.eg/service?article_code=185662

Order

3

Type

المقالة الأصلية

Type Code

1,226

Publication Type

Journal

Publication Title

مجلة الدراسات المالية والتجارية

Publication Link

https://mosj.journals.ekb.eg/

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Details

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Article

Created At

22 Jan 2023