Greenstone, Michael; Oyer, Paul; Vissing-Jorgensen, Annette - In: The Quarterly Journal of Economics 121 (2006) 2, pp. 399-460
The 1964 Securities Acts Amendments extended the mandatory disclosure requirements that had applied to listed firms since 1934 to large firms traded Over-the-Counter (OTC). We find several pieces of evidence indicating that investors valued these disclosure requirements, two of which are...