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Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels
Tong, Hui; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2012
How does increasing globalization affect corporate transparency? Freer trade represents two facets and in theory has … ambiguous effects on corporate transparency. On the one hand, by exposing firms to more product market competition, it could … separate estimation of the two potentially opposing channels. We employ three different measures of corporate transparency and …
Persistent link: https://www.econbiz.de/10011083813
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Endogenous Information Flows and the Clustering of Announcements
Acharya, Viral V; DeMarzo, Peter; Kremer, Ilan - C.E.P.R. Discussion Papers - 2008
We consider the release of information by a firm when the manager has discretion regarding the timing of its release. While it is well known that firms appear to delay the release of bad news, we examine how external information about the state of the economy (or the industry) affects this...
Persistent link: https://www.econbiz.de/10005788970