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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
Last Name
Rageh Obiedallah
MiddleName
-Affiliation
Faculty of Commerce
Sohag University
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https://mosj.journals.ekb.eg/article_185662.html
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https://mosj.journals.ekb.eg/service?article_code=185662
Publication Title
مجلة الدراسات المالية والتجارية
Publication Link
https://mosj.journals.ekb.eg/
MainTitle
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