disclosure of fundamentals and trading transparency. Issuers may either under- or over-provide information compared to the … superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade … externality: if speculators refrain from trading, hedgers do the same, depressing the asset price. Market transparency reinforces …

superior information-processing ability and trade purely to exploit it. The disclosure of financial information induces a trade … externality: if speculators refrain from trading, hedgers do the same, depressing the asset price. Market transparency reinforces … this mechanism, by making speculators' trades more visible to hedgers. Hence, issuers will oppose both the disclosure of …

Information disclosure is an essential component of regulation in financial markets. In this article, we provide a … cohesive analytical framework to review certain key channels through which disclosure in financial markets affects market … address four main aspects. First, we demonstrate the conventional wisdom that disclosure improves market quality in an economy …

Disclosure period. Results show that investors “punish” firms that deliberately issue pessimistic public guidance to dampen … analysts' expectations to a beatable level in the post-Regulation Fair Disclosure Era. I find that on average, the negative …

-neutral by 2050, and constitutes, along with the Sustainable Finance Disclosure Regulation (SFDR) and the Low Carbon Benchmarks … disclosure requirements for environmentally sustainable investments, and sets out the role played by, inter alia, the Platform on …