explanations for the abnormal returns. This study sheds light on an important corporate disclosure that the market appears to …

We study a dynamic voluntary disclosure setting where the manager's information and the firm's value evolve over time …. The manager is not limited in her disclosure opportunities but disclosure is costly. The results show that the manager … her option value of withholding disclosure in the future. That is, by disclosing today the manager can improve her …

This paper examines the effect of Korea’s fair disclosure regulation on the timeliness and informativeness of earnings … that timeliness increases the informativeness of preliminary financial report disclosure by curbing insiders' ability to … potentially profit from their information advantage. …