Marinovic, Iván; Sridhar, Sri S. - In: Journal of Accounting and Economics 59 (2015) 1, pp. 25-40
This paper studies two disclosure regimes when a firm with superior private information must rely on a strategic certifier to disclose credibly its prospects. In the ex ante (ex post) disclosure regime, the firm must decide on whether to hire the certifier before (after) observing the...