Risk factor disclosures tone and implied cost of equity
Australian Journal of Management
Published online on July 17, 2026
Abstract
Australian Journal of Management, Ahead of Print.
We examine the impact of the net positive tone of risk factor disclosures (RFD) on the implied cost of equity (COE). Using a sample of 18,172 observations from listed firms in the United States from 2006 to 2024, we find that net positive RFD tone is ...
We examine the impact of the net positive tone of risk factor disclosures (RFD) on the implied cost of equity (COE). Using a sample of 18,172 observations from listed firms in the United States from 2006 to 2024, we find that net positive RFD tone is ...