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  2. School of Management and Law
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  4. Publikationen School of Management and Law
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dc.contributor.authorKnust, Lucas-
dc.contributor.authorOesch, David-
dc.date.accessioned2024-02-02T10:35:56Z-
dc.date.available2024-02-02T10:35:56Z-
dc.date.issued2022-08-30-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/29753-
dc.description.abstractPrior research finds conflicting results on the impact of uncertainty on voluntary firm disclosure. Our paper sheds light on this relationship by addressing endogeneity concerns. To this end, we use a novel instrumentation strategy that exploits firms’ differential exposure to aggregate uncertainty shocks in currencies, energy and policy. We show that an increase in firm-level uncertainty increases the propensity of firms to issue management forecasts and the number of management forecasts disclosed. Cross-sectional tests suggest that firms with a commitment to guidance increase their disclosure to mitigate deteriorating information asymmetry following increased uncertainty.de_CH
dc.format.extent50de_CH
dc.language.isoende_CH
dc.publisherSSRNde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectVoluntary disclosurede_CH
dc.subjectManagement forecastde_CH
dc.subjectInformation environmentde_CH
dc.subjectUncertaintyde_CH
dc.subjectVolatilityde_CH
dc.subject.ddc658.403: Entscheidungsfindung, Informationsmanagementde_CH
dc.titleUncertainty and disclosurede_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Financial Management (IFI)de_CH
dc.identifier.doi10.2139/ssrn.4204992de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
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Knust, L., & Oesch, D. (2022). Uncertainty and disclosure. SSRN. https://doi.org/10.2139/ssrn.4204992
Knust, L. and Oesch, D. (2022) Uncertainty and disclosure. SSRN. Available at: https://doi.org/10.2139/ssrn.4204992.
L. Knust and D. Oesch, “Uncertainty and disclosure,” SSRN, Aug. 2022. doi: 10.2139/ssrn.4204992.
KNUST, Lucas und David OESCH, 2022. Uncertainty and disclosure. SSRN
Knust, Lucas, and David Oesch. 2022. “Uncertainty and Disclosure.” SSRN. https://doi.org/10.2139/ssrn.4204992.
Knust, Lucas, and David Oesch. Uncertainty and Disclosure. SSRN, 30 Aug. 2022, https://doi.org/10.2139/ssrn.4204992.


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