Langberg, Nisan; Sivaramakrishnan, K. - In: Journal of Accounting and Economics 46 (2008) 1, pp. 78-100
We analyze the voluntary disclosure decision of a manager when analysts scrutinize the quality of disclosure. We derive an equilibrium in which managers voluntarily disclose unfavorable information only if sufficiently precise, but disclose favorable news with lower levels of accuracy. We show...
