Are Lengthy and Boilerplate Risk Factor Disclosures Inadequate? An Examination of Judicial and Regulatory Assessments of Risk Factor Language

Although formal guidance instructs firms to avoid issuing lengthy and boilerplate risk factor disclosures, regulators and users of financial statements note these disclosures are excessively long and boilerplate. The persistence of these characteristics is surprising given that prior research finds...

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Veröffentlicht in:	The Accounting review 2021-07, Vol.96 (4), p.131-155
Hauptverfasser:	Cazier, Richard A., McMullin, Jeff L., Treu, John S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital markets Companies Disclosure Financial disclosure Financial statements Incentives Judicial reviews Risk assessment Risk factors
Online-Zugang:	Volltext
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