In this study, we examine whether managers rank risk factors and list them in order of their importance in Item 1A of the 10-K. We focus on firms' credit risk disclosures and where they are positioned in Item 1A. Firms that place the credit risk factor closer to the beginning have lower credit...

Sludge-to-energy technologies have gradually been recognized by more researchers because they can promote the development of circular economy and contribute to realizing a sustainable society. Hence, it is necessary to have a comprehensive recognition of the performances of different...