. However, complex language can also reflect the provision of complex information; for example, informative technical disclosure …. As a consequence, linguistic complexity commingles two latent components — obfuscation and information — that are related … to information asymmetry in opposite directions. We develop a novel empirical approach to estimate these two latent …

We model limited attention as incomplete usage of publicly available information. Informed players decide whether or …

relationship development. In other words, disclosing relationship information can have real consequences on cash flows through …

A growing literature documents that complex financial statements negatively affect the information environment. In this … the information environment …

, despite increasing costs to short selling, improve information efficiency during the earnings announcement period. Furthermore …, disclosures mandated by these regulations contain information beyond what is already available in the level of short interest … argument of its advocates that mandatory short disclosures provide valuable information …

This paper presents a model of voluntary disclosure in which the manager's information about the firm's value is … monolithic information, the manager chooses the optimal disclosure threshold effectively ignoring the effect of disclosure on the …

Public information that becomes available after a manager’s initial voluntary disclosure decision creates incentives … for her to reconsider and possibly change that decision. We show that if she has private information that is value … decision in the face of a public release of information alters both the initial decision and the overall frequency of …