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Information transparency and idiosyncratic risk

Author

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  • Jen-Sin Lee
  • Kuan-Ling Lai
  • Yu-Ko Huang

Abstract

This study investigates the relation between information transparency and idiosyncratic risk with the unique and nonpublic data of listed companies violating the material information disclosure rules in Taiwan. This study employs the violated companies that do not report or delay the disclosure of material information as sample of worse information transparency. The results show that the companies with worse information transparency have higher idiosyncratic risk and total risk than other companies. The negative connection between information transparency and idiosyncratic risk implies that the current regulations of material information disclosure in Taiwan work efficiently.

Suggested Citation

  • Jen-Sin Lee & Kuan-Ling Lai & Yu-Ko Huang, 2015. "Information transparency and idiosyncratic risk," Applied Economics Letters, Taylor & Francis Journals, vol. 22(12), pages 934-937, August.
    • Handle: RePEc:taf:apeclt:v:22:y:2015:i:12:p:934-937
    DOI: 10.1080/13504851.2014.990611
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    Cited by:

    1. Lili Ren & Chunling Li & Ruijun Zhang & Runsen Yuan & Nosherwan Khaliq, 2023. "Customer Concentration and Information Transparency: Evidence From China," SAGE Open, , vol. 13(4), pages 21582440231, November.
    2. Juan Carlos Matallín-Sáez & Amparo Soler-Domínguez & Diego Víctor Mingo-López, 2021. "On management risk and price in the mutual fund industry: style and performance distribution analysis," Risk Management, Palgrave Macmillan, vol. 23(1), pages 150-171, June.
    3. Marius Cristian Miloș, 2021. "Impact of MiFID II on the Market Volatility—Analysis on Some Developed and Emerging European Stock Markets," Laws, MDPI, vol. 10(3), pages 1-11, June.
    4. Hui-Cheng Yu & Mao-Feng Kao & Yi-Chang Chen & Bor-Yuan Tsai, 2017. "Firm transparency and idiosyncratic risk," Economics and Business Letters, Oviedo University Press, vol. 6(3), pages 81-87.

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