This study documents evidence consistent with herding in voluntary disclosure decisions in the context of capital expenditure forecasts and investigates two possible reasons for this behavior. Theories of rational herds suggest that herding in disclosure decisions may be due to either (1) the...

This paper empirically examines the impact of the Sarbanes-Oxley Act (SOX) of 2002 on the voluntary disclosure of information security activities by corporations. The empirical evidence provided clearly indicates that SOX is having a positive impact on such disclosure. These findings provide...

The US federal government has fostered a movement toward sharing information concerning computer security, with particular emphasis on protecting critical infrastructure assets that are largely owned by the private sector. As information security is paramount to accurate financial reporting and...