The impact of litigation risk on corporate prospective disclosure : a review of the empirical literature
Gallery, Gerry T., Nelson, Jodie, & Guo, Chan (2012) The impact of litigation risk on corporate prospective disclosure : a review of the empirical literature. Corporate Ownership and Control, 10(1), pp. 53-61.
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We review the literature on the impact of litigation risk (a form of external governance) on corporate prospective disclosure decisions as reflected in management earnings forecasts. From this analysis we identify four key areas for future research. First, litigation risk warrants more attention from researchers; currently it tends to be treated as a secondary factor impacting MEF decisions. Second, it would be informative from a governance perspective for researchers to explore why litigation risk has a differential impact on MEF decisions across countries. Third, understanding the interaction between litigation risk and forecast/firm-specific characteristics is important from management, investor and regulatory perspectives but is currently under-explored Last, research on the litigation risk and MEF attributes link is piecemeal and incomplete, requiring more integrated and expanded analysis.
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|Item Type:||Journal Article|
|Keywords:||external governance, litigation risk|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2012 Virtus Interpress|
|Deposited On:||11 Dec 2012 03:10|
|Last Modified:||12 Dec 2012 21:24|
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