applying statistical, econometric, and machine learning advancements to forecasting earnings and returns presents difficult …We selectively review recent advancements in research on predictive models of earnings and returns. We discuss why …

A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal … principal maximizes his expected payoff by controlling the quality of his information, and the disclosure rule. We show that …

by selective disclosure of facts. As is well known from the literature, competition between the informed parties …

disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a …

Disclosure of information triggers immediate price movements, but it mitigates price movements at a later date, when … the information would otherwise have become public. Consequently, disclosure shifts risk from later cohorts of investors … to earlier cohorts. Hence, disclosure policy can be interpreted as a tool to control interim asset price movements, and …

Financial disclosure documents provide investors with product details to facilitate informed investment decisions. We … investigate whether the appearance - the visual frame - of disclosure documents impacts risk and return expectations and … visual frame. Results are in line with the distracted attention mechanism and suggest that disclosure policies should take …