Miao, Xinyan; Wang, Shaofei; Wang, Yue; Zhou, Bo - In: China journal of accounting research : CJAR 18 (2025) 3, pp. 1-20
presence and specificity on nonprofessional investors' judgments. In Experiment 1, we manipulate risk management disclosure at …, nonprofessional investors exhibit more favorable investment judgments when provided with a specific risk management disclosure …. However, generic disclosure has a negligible influence on nonprofessional investors' judgments. We find no convincing evidence …