Does Increased Mandatory Risk Disclosure Lead to Investor Perceptions of Higher Risk? – Evidence from Cross-listed Firms in China and Hong Kong
Grant Data
Project Title
Does Increased Mandatory Risk Disclosure Lead to Investor Perceptions of Higher Risk? – Evidence from Cross-listed Firms in China and Hong Kong
Principal Investigator
Dr Li, Xu
(Principal Investigator (PI))
Duration
36
Start Date
2018-01-01
Amount
328458
Conference Title
Does Increased Mandatory Risk Disclosure Lead to Investor Perceptions of Higher Risk? – Evidence from Cross-listed Firms in China and Hong Kong
Presentation Title
Keywords
cross-listed firms, investor perception, investor sophistication, risk disclosure
Discipline
Accounting,Finance
Panel
Business Studies (B)
HKU Project Code
17501417
Grant Type
General Research Fund (GRF)
Funding Year
2017
Status
Completed
Objectives
1) Is there a difference in perceptions of risk between investors in the Chinese and Hong Kong stock markets following implementation of mandatory risk disclosure in China? 2) Is the difference in risk perceptions driven by the different composition of investors in the Chinese and Hong Kong stock markets? 3) How do different types of investors react to risk disclosure? Do they increase buy-and-sell activities to avoid the detected risks or do they voice in shareholder meetings to better manage the risks?