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Unfavorable news are often delivered under the disguise of vagueness. Our theory-driven laboratory experiment investigates this strategic use of vagueness in voluntary disclosure and asks whether there is scope for policy to improve information transmission. We find that vagueness is profitably...
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Exploiting the 2009 amendments to Regulation S-K, we provide unique evidence on the first-time disclosure of the …
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investors' adversarial coordination and to the firm's agency, and remains optimal even if the firm can circumvent regulation and …
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The EU Taxonomy Regulation (TR), adopted in 2019, is a key milestone in defining legally sustainable activities. It …-neutral by 2050, and constitutes, along with the Sustainable Finance Disclosure Regulation (SFDR) and the Low Carbon Benchmarks … Regulation (LCBR), the regulatory ‘trilogy’ implementing the CMU Action Plan in relation to sustainable finance. It substantially …
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