We construct four voluntary and two mandatory disclosure measures for 260,880 firm-
quarters from 2005 through 2016 using 8-K data. The first voluntary disclosure measure is …

In this study, we examine the equilibrium effects of ESG quality disclosure in both voluntary
and mandatory regimes. A firm manager makes a private investment decision in an …

We 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 …

We introduce real decisions (a project choice decision, an investment scale decision, and an
information acquisition decision) to the Dye (1985) voluntary disclosure framework and …

We study how the potential for discretionary disclosure affects the way a firm designs its
reporting system. In our model, the firm's primary but nonexclusive concern is to induce …

We develop a theory of asymmetries between voluntary and mandatory disclosure.
Efficiently designed mandatory disclosure policies are substitutes for excessive voluntary …

Classical models of voluntary disclosure feature two economic forces: the existence of an
adverse selection problem (eg, a manager possesses some private information) and the …

Does managing the production of information add value in economic environments where a
manager may claim to be uninformed and withhold unfavorable news? We examine this …

Interest in sustainability information, from investors, managers, researchers, and others, has
been expanding rapidly. We discuss recent advances and open questions related to …

This study develops and tests a simple model of voluntary disclosure in which managers can
choose to withhold (ie, redact) certain elements from mandatory disclosure. We consider a …