Abstract
In this paper we make an empirical study of the relationshipbetween risk disclosure and the cost of equity. In particular, theobjective being pursued is to contrast whether or not the cost ofequity for the company is related to its financial and non‑financialrisk disclosure. Our results show no statistically significantrelationship between the latter and the cost of equity; and astatistically significant relationship, with a positive sign, betweenthis cost and financial risk disclosure. This suggests thatcompany risk disclosures appear to introduce unknown contingenciesand risk factors rather than only update informationabout known risks.© 2018, Facultad de Contaduría y Administración, Universidad Nacional Autónoma de México. All rights reserved. Publication of the article implies full assignment of property rights (copyright) in Journal of Contaduría y Administración. The publication mreserves the right to total or partial reproduction of the work in other print, electronic or any other alternative means, but always recognizing its responsibility.
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