regarding the firm's investment opportunities, but an efficient market for corporate control influences their investment … news and extreme bad news is disclosed in equilibrium. Moreover, the market's stock price and investment responses to bad … independently assess expected investment returns …

quality investment under uncertainty never exceeds the level of quality investment under perfect information. Further, we show …

the information firms disclose and on investment efficiency when firms have incentives to obtain information from analysts …. The results indicate that disclosure regulations may result in less accurate information disclosure and lower investment …

disclosures in a dynamic setting with real investments. We find that while the firm's investment monotonically increases in … are small relative to its future growth opportunities, and either (ii) the firm's investment is observable by the stock … market and sufficiently elastic with respect to the cost of capital, or (iii) the firm's investment is not directly …

investors' decision making depends on investment horizon. Experimental results show that short-term investors who view a COI …

investment level) to the upstream firm to reduce the input price, regardless of horizontal market competition …This study investigates the strategic disclosure of a downstream firm’s information regarding cost-reducing investment … convey an aggressive investment (i.e., lower marginal costs) to a rival downstream firm when the products are sufficiently …

financial reporting and disclosure on corporate investment: A review (Journal of Accounting & Economics, 68 (2019 … financial reporting facilitates the allocation of capital to the right investment projects,” “provide a framework to organize … literature “articulate[s] two broad scenarios in which financial reporting ‘matters’ for investment choices: (i) the presence of …