The relationship between the information disclosure and the firms' risk exposure : a Canadian study

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial Canada
dc.creator Wang, Yijun
dc.date.accessioned 2013-09-25T18:35:00Z
dc.date.available 2013-09-25T18:35:00Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25226
dc.description 1 online resource (v, 41 p.)
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (p. 32-36).
dc.description.abstract This paper utilizes an event-study in order to investigate the relationship between information disclosure and firms’ risk exposure. 50 companies listed on the Toronto Exchange Stock as the samples are drawn from the whole Financial Service industry over 3 years from 2009 to 2011.By employing the disclosure index and calculating the Z-score for individual company, we analyze the characteristic of the relationship and several possibly potential causes. The results of T-test indicate that information disclosure is significantly related to the firms’ risk exposure. What is more, strategic and non-financial information is positively associated with risk exposure. While financial information has not significant impact on the risk exposure. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2013-09-25T18:35:00Z No. of bitstreams: 1 wang_yijun_mrp_2013.pdf: 1024253 bytes, checksum: a54cfef5f3ba1129ead16060ccde6f46 (MD5) en
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dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title The relationship between the information disclosure and the firms' risk exposure : a Canadian study en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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