The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

Beyer et al.(2010) review the financial reporting literature related to voluntary and mandatory
firm disclosures, and sell-side analyst reports. The discussion summarizes their approach …

We provide a bridge between the voluntary disclosure and the earnings management
literature. Voluntary disclosure models focus on managers' discretion in deciding whether or …

We examine the valuation and capital allocation roles of voluntary disclosure when
managers have private information regarding the firm's investment opportunities, but an …

How should a firm measure a productive asset used as collateral? To answer this question,
we develop a model in which firms borrow funds subject to collateral constraints. We …

This article develops a theory of standard-setting in which accounting standards emerge
endogenously from an institutional bargaining process. It provides a unified framework with …

This paper examines the determinants and economic efficiency of corporate voluntary
disclosure. The focus is on the trade-off for an individual firm when the benefits and costs of …

This paper presents an empirical investigation on the perceptions of individual investors
about the impact of accounting disclosures on their decision makings on the stock exchange …

Intangibles are viewed as the key drivers in most industries, and current research shows that
firms voluntarily disclose information about their investments in intangibles and their …