Results 261 to 270 of about 321,595 (312)
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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Journal of Accounting, Auditing & Finance, 1989
The paper investigates incentives for firms to voluntarily disclose private information about future outcomes. A voluntary disclosure model that encompasses a competitive product market equilibrium and where proprietary (disclosure costs) costs are endogenously determined is presented.
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The paper investigates incentives for firms to voluntarily disclose private information about future outcomes. A voluntary disclosure model that encompasses a competitive product market equilibrium and where proprietary (disclosure costs) costs are endogenously determined is presented.
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Voluntary Disclosure in Bilateral Transactions
SSRN Electronic Journal, 2017zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Glode, Vincent +2 more
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Voluntary versus mandatory disclosure
Review of Accounting Studies, 2021We develop a theory of asymmetries between voluntary and mandatory disclosure. Efficiently designed mandatory disclosure policies are substitutes for excessive voluntary disclosures. The efficient policy takes the form of a lower threshold below which firms must disclose bad news and an upper threshold above which firms voluntarily disclose good news ...
Jeremy Bertomeu +2 more
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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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The Accounting Review, 2020
ABSTRACT This paper studies equilibrium voluntary disclosures for a company financed with both debt and equity, where the firm's manager is compensated based on a linear combination of the market prices of the firm's equity and enterprise values (i.e., the sum of its values of equity and debt). Such compensation policies span “all equity”
Anne Beyer, Ronald A. Dye
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ABSTRACT This paper studies equilibrium voluntary disclosures for a company financed with both debt and equity, where the firm's manager is compensated based on a linear combination of the market prices of the firm's equity and enterprise values (i.e., the sum of its values of equity and debt). Such compensation policies span “all equity”
Anne Beyer, Ronald A. Dye
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Voluntary Disclosure of Sensitivity
SSRN Electronic Journal, 2008Starting in 1997, the U.S. Securities and Exchange Commission required that some firms disclose information about risks. One format for risk disclosures let firms disclose correlations by allowing firms to report the sensitivity to market risk factors of cash flows related only to financial instruments and derivatives.
Bjorn N. Jorgensen +1 more
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Voluntary Disclosure of Bad News
Journal of Business Finance & Accounting, 2005Abstract: This paper shows that in a voluntary disclosure environment entailing both a fixed disclosure cost and a variable proprietary cost, partial disclosure equilibria may arise in which firms voluntarily disclose bad private information to the public.
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Voluntary Sensitivity Risk Disclosure
SSRN Electronic Journal, 2016This paper examines the voluntary disclosure of an important liability-driven risk on the balance sheet. Using hand-collected data for a sample from 2005 to 2010 of FTSE 350 firms that sponsor defined benefit plans, we document the practice of voluntary risk disclosure in the form of sensitivities of defined benefit obligations (DBO) to actuarial ...
Yanling Guan, Yong Li
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2019
Abstract In the course of doing business, company managers may discover that the company has violated the law, thereby exposing the company to potential civil or criminal liability. When this occurs, an inevitable question is whether the company should voluntarily disclose this information to the government.
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Abstract In the course of doing business, company managers may discover that the company has violated the law, thereby exposing the company to potential civil or criminal liability. When this occurs, an inevitable question is whether the company should voluntarily disclose this information to the government.
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