I examine whether recently required risk factor update disclosures in quarterly reports provide investors with timely information regarding potential future negative economic events. Specifically, I examine whether risk factor updates in 10 Q filings are associated with negative abnormal returns...

Prior research has documented that the market responds to quarterly updates to annual risk factor disclosures at the time of release, suggesting quarterly risk factor updates provide informational value to investors. In this study, we examine whether future returns are associated with quarterly...

We examine the impact of disclosure by defendant firms on the outcome of securities fraud class actions. We hypothesize that firms issuing more disclosures will experience more adverse litigation outcomes, given the strict pleading standards of the Private Securities Litigation Reform Act...