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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
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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
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Shaping Liquidity : On the Causal Effects of Voluntary Disclosure
Balakrishnan, Karthik - 2013
Can managers influence the liquidity of their firms' shares? We use plausibly exogenous variation in the supply of public information to show that firms seek to actively shape their information environments by voluntarily disclosing more information than is mandated by market regulations and...
Persistent link: https://www.econbiz.de/10012459678
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The Real Effects of Mandatory CSR Disclosure on Emissions : Evidence from the Greenhouse Gas Reporting Program
Yang, Lavender; Muller, Nicholas Z.; Liang, Pierre Jinghong - National Bureau of Economic Research - 2021
We examine the real effects of the Greenhouse Gas Reporting Program (GHGRP) on electric power plants in the United … States. Starting in 2010, the GHGRP requires both the reporting of greenhouse gas emissions by facilities emitting more than … primary channel through which mandatory Corporate Social Responsibility (CSR) reporting programs affect firm behavior …
Persistent link: https://www.econbiz.de/10012599274
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Adoption and Learning Across Hospitals : The Case of a Revenue-Generating Practice
Sacarny, Adam - 2018
Performance-raising practices tend to diffuse slowly in the health care sector. To understand how incentives drive adoption, I study a practice that generates revenue for hospitals: submitting detailed documentation about patients. After a 2008 reform, hospitals could raise their Medicare...
Persistent link: https://www.econbiz.de/10012453219
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Misreporting Trade : Tariff Evasion, Corruption, and Auditing Standards
Kellenberg, Derek - 2016
In official international trade statistics, annual commerce between every pair of countries is reported twice: once by the importing country and once by the exporter. These double reports provide an opportunity for audit. In principle, the two reported trade values should differ systematically...
Persistent link: https://www.econbiz.de/10012456086
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Do Private Equity Funds Manipulate Reported Returns?
Brown, Gregory W. - 2016
Private equity funds hold assets that are hard to value. Managers may have an incentive to distort reported valuations if these are used by investors to decide on commitments to subsequent funds managed by the same firm. Using a large dataset of buyout and venture funds, we test for the presence...
Persistent link: https://www.econbiz.de/10012456184
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The Effect of New Information Technologies on Asset Pricing Anomalies
Hirshleifer, David; Ma, Liang - National Bureau of Economic Research - 2024
-known asset pricing anomalies often attributed to mispricing. EDGAR facilitates easier access to public accounting information …-in-differences regressions, we find that both EDGAR and XBRL reduce mispricing for accounting-based anomalies but not for non-accounting …-based anomalies. The economic magnitudes of the effects on accounting-based anomalies are similar for EDGAR and XBRL. These results …
Persistent link: https://www.econbiz.de/10015056093
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What is a Sustainable Public Debt?
D'Erasmo, Pablo - 2015
traditional approach to evaluate debt sustainability, and examine three alternative approaches that provide useful econometric and … model-simulation tools to analyze debt sustainability. The first approach is Bohn's non-structural empirical framework based … three approaches to analyze debt sustainability in the United States and Europe after the recent surge in public debt …
Persistent link: https://www.econbiz.de/10012457095
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A Surplus of Ambition : Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
Eichengreen, Barry - 2014
of as much as 5 percent of GDP for as long as 10 years in order to maintain debt sustainability and bring their debt …
Persistent link: https://www.econbiz.de/10012458350