Delaney, Laura; Thijssen, Jacco J.J. - In: European Journal of Operational Research 242 (2015) 1, pp. 232-242
In this paper we provide a model which describes how voluntary disclosure impacts on the timing of a firm’s investment decisions. A manager chooses a time to invest in a project and a time to disclose the investment return in order to maximise his monetary payoff. We assume that this payoff is...