In the context of firm decision-making, several motives for acquiring and conveying information exist. Information … acquire and communicate information. We employ a cheap-talk model with information acquisition and communication by a firm … incentive to overstate this value to persuade or impress external parties. We show that information acquisition and …

Firms sometimes obtain soft private information about growth prospects along with hard information about current or … disclosures) also become larger. Our analysis moreover predicts that both the disclosure probability and the information content …

's actions are publicly observed and generate output, and hence information about the match quality. Despite the absence of … private information, uncertainty about match quality creates a holdup problem causing inefficiencies in relational contracts … yield both a lower payoff and less information than another action. Yet, such actions may be a modest way to learn about the …