This article reviews the recent literature on the consequences of disclosure for listed firms. Though some studies show that disclosure is desirable for shareholders because it reduces the cost of capital, and increases the value created, others provide more mixed results. The conclusion on the...

This study examines the relationship between bank transparency and efficiency. Using a unique dataset for Russian banks, we find that transparency is important and that, among the dimensions of transparency, the transparency in board and management structure and process represents the most...

Transparency requirements are central to the third pillar of the Basel prescriptions. The purpose of this article is to offer a simple theoretical model to analyze the impact of regulatory requirements for transparency on the balance sheet and profits of banks, focusing on the implementation of...

This study examines the relationship between bank transparency and efficiency. Using a unique data set for Russian banks, we find that transparency is important and that, among the dimensions of transparency, the transparency in board and management structure and process represents the most...

This paper reviews the literature on corporate disclosure. Policymakers often support corporate disclosure but more contrasted views have emerged in the academic literature, showing that even if disclosure can actually benefits to shareholders, it is costly and it may trigger pernicious effects....