Corporate Disclosures and Financial Risk Assessment: A by Philipp Kissing

By Philipp Kissing

This e-book hyperlinks info asymmetries and determination procedures of economic traders via quantitative types. the purpose is to investigate empirical observations and synthesize outputs with a view to upload new educational insights with useful pertinence. Multivariate scoring types and statistical analyses examine events out there point that allows enterprises to decrease their capital expenditures if particular stipulations are met. state of affairs suggestions and extra econometrical versions are utilized to analyze the microeconomic level.

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Extra resources for Corporate Disclosures and Financial Risk Assessment: A Dichotomous Data-Analytical Approach Using Multivariate Scoring Models and Scenario Techniques

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However, the credibility of reporting activities of corporations especially with reference to the publication of voluntary information plays a crucial role. Based on these assumptions, the relationship of sustainability disclosures and the risk assessment of investors are tested empirically and disclosure elements that can improve corporate financial figures are elaborated. In this context, paid dividends are introduced as a potential factor to verify the adequateness of disclosed sustainability information.

Emissions along the corporate value chain can increase the basis of taxations or comparable costs. The trading in emission rights can be named as an example. As corporations have two options to avoid additional costs which are relocating their emission intensive activities abroad or introducing environmental improvements, investors are interested in the corporate decision making process due to its financial consequences. Comparable aspects can be discussed with reference to employees’ rights at corporations or their suppliers.

Firstly, corporate disclosures reduce the information asymmetries and lead to a higher level of transparency. This leads to an important approximation of a relevant dimension of perfect markets which is generally speaking preferable for market participants. It can be followed that this approximation would finally lead to lower transaction costs. Investors are likely willing to increase their demand for corporate stocks or bonds of corporations that publish comprehensive disclosures. As the prices of traded financial products simple follow the effective rule of the balance of supply and demand, price changes should be noticeable.

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