Heitzman, Shane; Wasley, Charles; Zimmerman, Jerold - In: Journal of Accounting and Economics 49 (2010) 1-2, pp. 109-132
Under GAAP, SEC and exchange listing rules, managers must disclose material information. We construct a disclosure specification incorporating managers' obligation to disclose material information and voluntary disclosure incentives. We demonstrate that tests of the incentives to voluntarily...
