Measuring disclosure using 8-K filings
J He, MA Plumlee - Review of Accounting Studies, 2020 - Springer
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 …
quarters from 2005 through 2016 using 8-K data. The first voluntary disclosure measure is …
Mandatory vs. voluntary ESG disclosure, efficiency, and real effects
C Aghamolla, BJ An - Nanyang Business School Research Paper, 2023 - papers.ssrn.com
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 …
and mandatory regimes. A firm manager makes a private investment decision in an …
Voluntary disclosure, mandatory disclosure and the cost of capital
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 …
disclosures. We include two types of mandatory disclosure: those that are a function of …
The effect of voluntary disclosure on investment inefficiency
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 …
information acquisition decision) to the Dye (1985) voluntary disclosure framework and …
Optimal reporting when additional information might arrive
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 …
reporting system. In our model, the firm's primary but nonexclusive concern is to induce …
Voluntary versus mandatory disclosure
J Bertomeu, I Vaysman, W Xue - Review of Accounting Studies, 2021 - Springer
We develop a theory of asymmetries between voluntary and mandatory disclosure.
Efficiently designed mandatory disclosure policies are substitutes for excessive voluntary …
Efficiently designed mandatory disclosure policies are substitutes for excessive voluntary …
Voluntary disclosure when private information and disclosure costs are jointly determined
JM Kim, DJ Taylor, RE Verrecchia - Review of Accounting Studies, 2021 - Springer
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 …
adverse selection problem (eg, a manager possesses some private information) and the …
Strategic withholding and imprecision in asset measurement
J Bertomeu, E Cheynel… - Journal of Accounting …, 2021 - Wiley Online Library
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 …
manager may claim to be uninformed and withhold unfavorable news? We examine this …
The Role of Information in Building a More Sustainable Economy: A Supply and Demand Perspective
HL Friedman, G Ormazabal - Available at SSRN, 2024 - papers.ssrn.com
Interest in sustainability information, from investors, managers, researchers, and others, has
been expanding rapidly. We discuss recent advances and open questions related to …
been expanding rapidly. We discuss recent advances and open questions related to …
Disclosure substitution
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 …
choose to withhold (ie, redact) certain elements from mandatory disclosure. We consider a …