All Outputs (5)

How do banking analysts behave around unanticipated news? Evidence from operational risk event announcements (2021)
Journal Article

We study earnings per share (EPS) forecast revision and accuracy of banking analysts around operational risk event announcements in U.S. banks. We find that first announcements of operational risk events are more informative than their settlement ann... Read More about How do banking analysts behave around unanticipated news? Evidence from operational risk event announcements.

Operational risk and reputation in financial institutions: Does media tone make a difference? (2018)
Journal Article

Operational risk announcements are unexpected adverse media news that potentially harm the reputation of financial institutions. This paper examines the equity-based and debt-based reputational effects of financial sentiment tones in operational risk... Read More about Operational risk and reputation in financial institutions: Does media tone make a difference?.

The reputational effects of analysts' stock recommendations and credit ratings: evidence from operational risk announcements in the financial industry (2017)
Journal Article

This paper investigates whether more favorable stock recommendations and higher credit ratings serve as a reputational asset or reputational liability around reputation-damaging events. Analyzing the reputational effects of operational risk announcem... Read More about The reputational effects of analysts' stock recommendations and credit ratings: evidence from operational risk announcements in the financial industry.

Information asymmetry around operational risk announcements (2014)
Journal Article

Operational risk incidences are likely to increase the degree of information asymmetry between firms and investors. We analyze operational risk disclosures by US financial firms during 1995–2009 and their impact on different measures of information a... Read More about Information asymmetry around operational risk announcements.

Bank governance, regulation, supervision, and risk reporting: Evidence from operational risk disclosures in European banks (2013)
Journal Article

This paper investigates the direct and joint effects of bank governance, regulation, and supervision on the quality of risk reporting in the banking industry, as proxied for by operational risk disclosure (ORD) quality in European banks. After contro... Read More about Bank governance, regulation, supervision, and risk reporting: Evidence from operational risk disclosures in European banks.