Battalio, Robert; Hatch, Brian; Loughran, Tim - In: Journal of Corporate Finance 17 (2011) 4, pp. 1047-1063
The 1964 Securities Acts Amendments extended disclosures mandated of NYSE firms to most firms trading in the Over-the-Counter (OTC) market. Although some prior evidence suggests substantial value increases for OTC firms due to the "value enhancing" mandated disclosures, we find no statistical...