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continuum of receivers. We find that banking supervisors create welfare as optimal disclosure reduces uncertainty and leads to …
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further learn managerial ability. As such, high ability managers signal their ability levels by engaging in turnover. The …
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This study presents a review of theoretical concepts described in the literature that explain how corporate events might be perceived by investors. The theoretical discussion in this paper is related to three corporate events: CEO turnovers, dividend payouts, and block trades. The objective of...
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such communication is that it takes on one of two alternative forms when quality is exogenous: 1) disclosure of quality … general, these two literatures have ignored one-another. In this paper we argue that disclosure and signaling are two sides of … integration of these two alternatives leads to a number of new implications about disclosure, signaling, firm preferences over …
Persistent link: https://www.econbiz.de/10012731015
We conduct an experimental analysis of pretrial bargaining, while allowing for the costly disclosure of private … defendant, the incentive to engage in voluntary disclosure is weaker empirically, than it is in theory …
Persistent link: https://www.econbiz.de/10012986925
We conduct an experimental analysis of pretrial bargaining, while allowing for the costly voluntary disclosure of … from the player making the costly disclosure. If concerns about fairness or reciprocity prevent this from occurring, then …
Persistent link: https://www.econbiz.de/10013079903