systematically reduce their outstanding short-term debt on quarterly and annual disclosure dates. Constraints on CP lending supply …

This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all … strong-form disclosure principle is robust with respect to correlation, partitional evidence, randomized disclosures …

their costs are below the expected mean cost. Disclosure reduces consumer surplus when the disclosing firm's costs are below … the expected mean cost. The effect of disclosure on social welfare depends on the parameters of the problem. Finally, I … analyze the incentive of firms to agree to exchange information when disclosure exposes a firm to the risk of antitrust …