الفهرس 
Title : Examining the Association between Multidimensional Risk Disclosure Quality, the Cost of Capital, and Market Reaction
AbstractOnly 14 pages are availabe for public view
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Abstract
Professional associations, regulatory bodies, and interested academics have stressed the efficacy of risk disclosure for supporting the firm{u2019}s financing decisions and enhancing the investors{u2019} investment decision-making. However, assessing the annual narratives{u2019} risk disclosure quality and its effect on the firm{u2019}s required costs of obtaining external capital and investor{u2019}s reaction is yet a dialectic issue in the accounting literature.Therefore, the current study aims to examine the association between a multidimensional quality of risk disclosure and the firm{u2019}s cost of equity, cost of debt, and investors{u2019} post-reaction in the Egyptian capital market.To achieve this aim, the researcher conducts a manual content analysis to measure the quality dimensions of the annual narrative risk disclosure. A cross-sectional analysis was conducted for a selected sample of )73) non-financial firms listed in the EGX100 index over the period from 2017 to 2019.To test the association between the quality of the annual narrative risk disclosure and the firm{u2019}s cost of capital and market reaction, the researcher relied on the ordinary least squares linear regression analysis and fixed effects estimates.The results revealed a positive and insignificant association between the annual narrative risk disclosure quality and the firm{u2019}s cost of equity