... matters audit committee oversight management disclosure voluntary disclosure information risk expanded auditor's reports key audit matters extended auditor's reports risk disclosure We examine how management's disclosures about subjective financial reporting issues depend jointly...

... predict that IT reputation is associated with better loan terms because it lowers credit risk via its impact on default and information risks. Results based on 4,218 loan facility-years reveal, as predicted, that firms with a reputation for IT capability tend to have more favorable price and non-price...

... changes. Our results are robust to other proxies for financial reporting quality. Finally, we find no effect resulting from the forced auditor changes due to Arthur Andersen. Collectively, these results suggest that voluntary auditor changes increase information risk, which is priced in private credit...

...-restating targets. Our analyses suggest that the information risk associated with restating firms is the main driver of these results. Overall, this study finds that financial restatements have profound consequences for the allocation of economic resources in the market for corporate control. JEL...

... asymmetry when there is more competition. Overall, our results suggest that competition between informed investors has an important effect on how the information environment affects the cost of capital. JEL Classifications: G12; G14. information risk information...

...: M41, M42. Data Availability: Data are publicly available from the sources identified in the study. July 2009 February 2011 2011 information risk restatements insider trading repurchases There is considerable research...