Similar Search Results

The Impact of Price Transparency in Outpatient Provider Markets

Barnes, Kayleigh; Glied, Sherry; Handel, Benjamin R.; … - National Bureau of Economic Research - 2024

Medical provider price transparency is often touted as a way to lower health care spending. But the impact of price … transparency is theoretically ambiguous: it could lower health care spending via increased consumer price shopping or improved … a randomized-controlled trial to examine the impact of a state-wide medical charge transparency tool in outpatient …

Persistent link: https://www.econbiz.de/10014576609

Information versus Investment

Terry, Stephen; Whited, Toni Marion; Zakolyukina, … - National Bureau of Economic Research - 2022

We quantify the real implications of trade-offs between firm information disclosure and long-term investment efficiency. We estimate a dynamic equilibrium model in which firm managers confront realistic incentives to misreport earnings and distort their real investment choices. The model implies...

Persistent link: https://www.econbiz.de/10012814411

Out of Sight No More? The Effect of Fee Disclosures on 401(k) Investment Allocations

Kronlund, Mathias - 2020

We examine the effects of a 2012 regulatory reform that mandated fee and performance disclosures for the investment options in 401(k) plans. We show that participants became significantly more attentive to expense ratios and short-term performance after the reform. The disclosure effects are...

Persistent link: https://www.econbiz.de/10012481428

Quality Disclosure and Certification : Theory and Practice

Dranove, David - 2010

This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address three key theoretical issues: (i) Why don't sellers...

Persistent link: https://www.econbiz.de/10012463006

Disclosure and the Cost of Capital : Evidence from Firms' Responses to the Enron Shock

Leuz, Christian - 2009

estimate shocks to firms' betas around the Enron events and the ensuing transparency crisis. Our analysis shows that these beta … that firms' disclosure responses reduce firms' costs of capital and hence the impact of the transparency crisis …

Persistent link: https://www.econbiz.de/10012463751

How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

Beshears, John - 2009

We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio. Subjects received either statutory prospectuses or Summary Prospectuses. We find no evidence that the Summary...

Persistent link: https://www.econbiz.de/10012463789

Disclosure by Politicians

Djankov, Simeon - 2009

We collect data on the rules and practices of financial and conflict disclosure by politicians in 175 countries. Although two thirds of the countries have some disclosure laws, less than a third make disclosures available to the public. Disclosure is more extensive in richer and more democratic...

Persistent link: https://www.econbiz.de/10012463944

Securities Laws, Disclosure, and National Capital Markets in the Age of Financial Globalization

Stulz, René M. - 2008

As barriers to international investment fall and technology improves, the cost advantages for a firm's securities to trade publicly in the country in which that firm is located and for that country to have a market for publicly traded securities distinct from the capital markets of other...

Persistent link: https://www.econbiz.de/10012464429

Mandatory Versus Voluntary Disclosure of Product Risks

Polinsky, A. Mitchell - 2006

We analyze a model in which firms are able to acquire information about product risks and may or may not be required to disclose this information. We initially study the effect of disclosure rules assuming that firms are not liable for the harm caused by their products. Although mandatory...

Persistent link: https://www.econbiz.de/10012465886

Complex Disclosure

Jin, Ginger Zhe - 2018

Disclosure policies have the potential to help consumers and make markets more efficient. Yet, the effectiveness of disclosure policies can be undermined if firms strategically make unfavorable information unnecessarily complicated to understand. To explore the incentives for using complexity in...

Persistent link: https://www.econbiz.de/10012453045