SWD-Schlagwörter: Unternehmen, Industrieobligationen, Anleihe, Publizität, Kommunikation. - Freie Schlagwörter (Englisch): Corporate Bond, Bond Market, Corporate Disclosure, Bondholder Relations Market,

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...