disclosure of fundamentals and trading transparency. Issuers may either under- or over-provide information compared to the … superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade … externality: if speculators refrain from trading, hedgers do the same, depressing the asset price. Market transparency reinforces …

signals, and toward reasoning through the implications of a failure to disclose. In equilibrium disclosure is incomplete, and … observers are unrealistically optimistic. Nevertheless, regulation requiring greater disclosure can reduce observers' belief … accuracies and welfare. A stronger tendency to neglect disclosed signals increases disclosure, whereas a stronger tendency to …

Purpose – The purpose of this paper is to document the determinants and value relevance of corporate disclosure and … transparency on the Ghana Stock Exchange (GSE). Design/methodology/approach – The paper employs the Fama and French model by …-2008) Findings – The author found positive though statistically insignificant relationship between corporate disclosure and firm …

the potential degree of disclosure. Having access to all relevant trading information, we provide evidence that … provide guidance for improving transparency while maintaining trader confidentiality. In addition, we analyze liquidity in the …

not be transparent, that is, might not be mutually observable. We show that a lack of position transparency results in a … organized via a centralized clearing mechanism that provides transparency of trade positions. Collateral requirements and … settings such as over-the-counter (OTC) markets which feature a lack of position transparency. …

communication, mandate not only the content but also the format of disclosure, and regulate product design. …

signals, and toward reasoning through the implications of a failure to disclose. In equilibrium disclosure is incomplete, and … observers are unrealistically optimistic. Nevertheless, regulation requiring greater disclosure can reduce observers' belief … accuracies and welfare. A stronger tendency to neglect disclosed signals increases disclosure, whereas a stronger tendency to …

was the continuously increasing importance given to transparency and disclosure, as a consequence of the most recently …, our paper provides a different approach, by focusing upon the trend of research studies on disclosure and transparency in …Our paper approaches “transparency” as a requirement for market discipline from a different perspective – the …