Barakat, Ahmed; Chernobai, Anna; Wahrenburg, Mark - In: Journal of Banking & Finance 48 (2014) C, pp. 152-179
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 asymmetry in the firms’ equity markets....
