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The Effect of Investor Inattention on Voluntary Disclosure

Basu, Riddha - 2020

We employ a quasi-natural experiment to examine the effect of investor inattention on firms' voluntary disclosure. While prior research focuses on when managers make mandatory disclosures within a given quarter, we examine whether investor inattention influences what managers voluntarily...

Persistent link: https://www.econbiz.de/10012853451

Lobbying and Uniform Disclosure Regulation

Friedman, Henry L. - 2016

This study examines the costs and benefits of uniform accounting regulation in the presence of heterogeneous firms who can lobby the regulator. A commitment to uniform regulation reduces economic distortions caused by lobbying by creating a free-rider problem between lobbying firms at the cost...

Persistent link: https://www.econbiz.de/10013008047

Do Managers Convey Information via Voluntary Disclosure when GAAP Limits their Discretion?

Hribar, Paul - 2020

We examine whether managers convey more information via voluntary disclosure channels when standard-setters limit managers' discretion in GAAP. We estimate the extent to which standard setters limit managers' discretion by counting the number of times obligatory modal verbs are mentioned in the...

Persistent link: https://www.econbiz.de/10012850517

Theories and Determinants of Voluntary Disclosure

Shehata, Nermeen F. - 2014

literature include agency theory, signalling theory, capital need theory, and legitimacy theory. Determinants of voluntary …

Persistent link: https://www.econbiz.de/10013053404

Shareholder monitoring and discretionary disclosure

Nagar, Venky; Schoenfeld, Jordan - 2021

Theories of delegated monitoring predict that when public disclosure is costly, monitoring by a large investor leads management to supply more private information to that investor, and less public disclosure to other similarly aligned investors who free-ride off the monitor. We test this...

Persistent link: https://www.econbiz.de/10012584426

Breaking it down : competitive costs of cost disclosures

Berger, Philip G.; Choi, Jung Ho; Tomar, Sorabh - 2019

Financial accounting affords considerable discretion to firms in aggregating internal information for external dissemination, yet little evidence exists about the consequences of such aggregation. We examine a central operational effect by studying whether withholding disaggregated cost...

Persistent link: https://www.econbiz.de/10012065292

Voluntary Disclosure Research : Which Theory Is Relevant?

Cotter, Julie - 2019

voluntary corporate disclosuresand to provide guidance about the choice of a suitable theory or theories for different types of … underlying paradigm differences which are related to incentives to disclose and the costs and benefits considered by each theory ….The choice of a suitable theory to underpin the research depends on the type of information disclosure being examined and the …

Persistent link: https://www.econbiz.de/10012861089

A Theory of Risk Disclosure

Heinle, Mirko Stanislav - 2017

In this paper, we consider the price effects of risk disclosure. We develop a model in which investors are uncertain about the variance of a firm's cash flows and the firm releases an imperfect signal regarding this variance. In our model, uncertainty over the riskiness of a firm's cash flows...

Persistent link: https://www.econbiz.de/10012971351

Enforcement and disclosure

Franke, Benedikt; Simons, Dirk - 2022

Our model combines disclosure requirements and enforcement rules to analyze the impact of enforcement on firms’ reporting behavior. Starting from a voluntary disclosure model with stochastic information endowment, we add an asymmetric mandatory disclosure rule that requires firms with bad...

Persistent link: https://www.econbiz.de/10013404555

Disclosure, competition, and learning from asset prices

Yang, Liyan - 2018

I study voluntary disclosure of oligopoly firms when they learn information from asset prices. By disclosing information, a firm incurs a cost of losing competitive advantage to its rivals but benefits from learning from a more informative asset market. Adding a financial market helps the...

Persistent link: https://www.econbiz.de/10011897851

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