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externalities that create a coordination problem among principals. Contract disclosure enables principals to design the contract … consider externalities on other principals caused by the effects of their contract choices on the monitor's scrutiny allocation …We examine the effects of mandating compensation disclosure on executive incentive contracts, earnings management, firm …
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Nonprofit organizations have been recently mandated to disclose the details of their executives' compensation packages …. Contract information is now accessible not only to current and prospective donors, but also to rival nonprofit organizations … competing for donations in the fundraising market. Our aim is to investigate the impact of publicly available contract …
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about the asset? How do the disclosure rules of contract law influence the investigation decision? Shavell (1994) showed …-disclosure rule, which requires disclosure of material information, but only after the contract is concluded. We show that this rule … can be more efficient than both voluntary disclosure and mandatory (pre-contract) disclosure …
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