We analyze the reliability of voluntary disclosures of financial information, focusing on widely-employed publicly … available hedge fund databases. Tracking changes to statements of historical performance recorded at different points in time … performance histories significantly and predictably underperform those that have never revised, suggesting that unreliable …

We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don’t know … trigger the immediate release of information by firms. Conversely, good market news slows the release of information by firms … preemptively disclose their own information prior to the arrival of external information. These results have implications for …

We consider a setting in which insiders have information about income that outside shareholders do not, but property … with outsiders' expectations based on publicly available information rather than true income, resulting in an observed …

Performance indicators are increasingly used to regulate quality in health care and other areas of the public sector …

: a) providers differ in efficiency and there are two types of provider; b) efficiency is private information (adverse …

This Paper analyses the effect of a possible takeover on information flows and on the terms of trade in business … on the performance of takeover targets and trade credit. …

poor economies, thus insufficient information to set the appropriate standards for firm performance. The model predicts a … differ as these societies have access to different amounts of information. This lack of information makes it hard to give the … right incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the …

information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic economic …

for private information. We charac terize optimal mechanisms and analyze specific programs often used during banking …

We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … specifically consider information management in the form of acquisition of new information or disclosure of existing information …