Three essays on market risk disclosures: corporate governance, investment efficiency and implied cost of equity capital: evidence from gulf cooperation council countries (GCC).
Access Status
Open access
Authors
Date
2015Supervisor
Assoc. Prof. Grantley Taylor
Prof. John Evans
Type
Thesis
Award
PhD
Metadata
Show full item recordSchool
School of Accounting
Collection
Abstract
This thesis examines the association between market risk disclosures and corporate governance, investment efficiency and implied cost of capital. The results show firms that have adopted risk management committee increase the market risk disclosures (both quality and extent). In addition, firms that disclose more market risk disclosures (both quality and extent) improve investment efficiency by reducing (both over-under investment). Market risk disclosures also reduce the firm’s implied cost of equity capital.
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