Information asymmetry around operational risk announcements
(2014)
Journal Article
Barakat, A., Chernobai, A., & Wahrenburg, M. (2014). Information asymmetry around operational risk announcements. Journal of Banking and Finance, 48, 152-179. https://doi.org/10.1016/j.jbankfin.2014.06.029
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.