Results 241 to 250 of about 583,153 (296)
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Review of Accounting Studies, 2011
We provide a bridge between the voluntary disclosure and the earnings management literature. Voluntary disclosure models focus on managers’ discretion in deciding whether or not to provide truthful voluntary disclosure to the capital market. Earnings management models, on the other hand, concentrate on managers’ discretion in deciding how to bias their
Eti Einhorn, Amir Ziv
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We provide a bridge between the voluntary disclosure and the earnings management literature. Voluntary disclosure models focus on managers’ discretion in deciding whether or not to provide truthful voluntary disclosure to the capital market. Earnings management models, on the other hand, concentrate on managers’ discretion in deciding how to bias their
Eti Einhorn, Amir Ziv
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Voluntary disclosure, mandatory disclosure and the cost of capital
Journal of Business Finance and Accounting, 2019AbstractWe examine the association between a firm's cost of capital and its voluntary and mandatory disclosures. We include two types of mandatory disclosure: those that are a function of periodic reports that are realizations of ex‐ante reporting systems and those that arise due to specific corporate events.
Marlene Plumlee
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Voluntary Disclosure in Bilateral Transactions
SSRN Electronic Journal, 2017zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Vincent Glode +2 more
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Voluntary disclosure with evolving news
Journal of Financial Economics, 2020We study a dynamic voluntary disclosure setting where the manager's information and the firm's value evolve over time. The manager is not limited in her disclosure opportunities but disclosure is costly. The results show that the manager discloses even if this leads to a price decrease in the current period. The manager absorbs this price drop in order
Aghamolla, Cyrus, An, Byeong-Je
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INSIDER TRADING AND VOLUNTARY DISCLOSURE [PDF]
International Journal of Theoretical and Applied Finance, 2008 We set up a model to study the voluntary disclosure of information by insiders of publicly traded companies. We consider a trading framework as in [14] with many assets and one insider per asset. There is one discretionary liquidity trader who can allocate his trades across the different assets and many noise traders who trade with equal intensity in ...
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Shareholder activism and voluntary disclosure
Review of Accounting Studies, 2015We examine the relation between shareholder activism and voluntary disclosure. An important consequence of voluntary disclosure is less adverse selection in the capital markets. One class of traders that finds less adverse selection unprofitable is activist investors who target mispriced firms whose valuations they can improve.
Thomas Bourveau, Jordan Schoenfeld
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Voluntary Assurance of Voluntary CSR Disclosure
Journal of Economics & Management Strategy, 2014We study a firm's decisions to engage in socially responsible activities, voluntarily report on them, and purchase external assurance of the report. In our signaling model, neither firm type nor the level of activity is observed. We show that if voluntary assurance is not too expensive, the firm that engages in more socially responsible activities ...
Mark Bagnoli, Susan G. Watts
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