Trueman (1986) argues that an entrepreneur might signal the quality of his information about a firm's investment projects by disclosing the extent to which external capital raised is to be applied to capital expenditure. This article argues that, via Trueman's theory, a higher level of disclosed...

In this article we test the influence of ownership structure on the information content of earnings in Polish-listed companies. Our investigation is based on the notion that in a weak corporate governance environment expropriation of private benefits of control is pervasive and manipulation of...