The complexity of the business world has led to growing demands being made of companies regarding the information provided on their financial performance, management, corporate governance and sustainability record. In response, some leading companies have begun to publish integrated reporting,...

Credibility deficiency of food enterprises is a major threat for food security in China. Analysis of causes for the credibility deficiency of Chinese food enterprises, and construction of an effective quality security and credibility mechanism are not only the key to constructing a long-term...

The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding process. We use data from a large European procurement platform to study the impact of different information structures, specifically the availability of quality information to the...

In this paper, we examine whether legal systems affect the structure of capital markets in terms of the development of bond markets versus equity markets. Using a dataset of 42 developed and developing countries, we document that a country's legal system, especially investor protections,...

The article deals with the nature,basic principles and objectives of the bank risk management system under modern conditions and the requirements of regulators to the transparency of its activities are considered. The authors developed a scheme of risk management and justified basic disclosure...

Whether consumers are aware of potentially adverse product effects is key to private and social incentives to disclose information about undesirable product characteristics. In a monopoly model with a mix of aware and unaware consumers, a larger share of unaware consumers makes information...

There is wide agreement that before the recent financial crisis, financial institutions took excessive risk in their investment strategies. At the same time, regulators complained that banks did not reveal the extent of their difficulties in a timely fashion thus reducing the effectiveness of...

We study the information-gathering role of a startup accelerator and consider the accelerator's incentives to choose a portfolio size and disclose information about participating ventures. We show that in a rational-expectations equilibrium, the resultant portfolio size is smaller than the...

This paper examines the impact of China's 2007 Administrative Measures on Information Disclosure by Listed Companies (“AMID”) on the information environment for Chinese listed companies. AMID requires continuous disclosure of price sensitive information and prohibits the selective disclosure...

We investigate the influence of loan and syndicate characteristics and information disclosure and legal environment factors on the arrangement timetable of bank loan syndications (measured as the time elapsed from the launching until the completion of the deal) from 68 countries over the...