We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information … disclosure thresholds), there is less free riding, but additional losses from incomplete information aggregation. We characterize …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. However, the manager can use her informational advantage to make choices that are not in the best … interest of the principal. As the available public information about the specific technology increases, the trade-off shifts in …

information collection affects equity analyst performance. Collection of hard information, proxied by office workday length, is … positively associated with the quantity and timeliness of analyst reports. Soft information collection, as proxied by propensity … star analyst. Both hard and soft information collection improve forecast precision, a causal result that we confirm using …

regulations with faster transitions clash with affordability and reliability goals …