specific disclosure requirements are needed in countries where the national culture does not favor open discussions of the …

Information disclosure is an essential component of regulation in financial markets. In this article, we provide a … cohesive analytical framework to review a few key channels through which disclosure in financial markets affects market quality … aspects. First, we demonstrate the conventional wisdom that disclosure improves market quality in an economy with exogenous …

This paper is aimed to explore and compare disclosure on corporate governance mechanisms in the annual reports of … disclosure practices. Another objective is to determine the quality of the web sites of these banks and their ability to support … institutions, while the size of the banks does not appear to influence the value of the corporate governance disclosure index. …

I study voluntary disclosure of oligopoly firms when they learn information from asset prices. By disclosing …' disclosure decisions can exhibit strategic complementarity, leading to multiple equilibria. Due to the endogenous disclosure …

-financial news in the decision making process of investors. In order to evaluate the overall impact of information disclosure, we … built a global disclosure indicator according to the so-called Principal Components Analysis by including individual … disclosure dummies. Empirical tests support our research hypothesis according to which there is a relative incremental value of a …

, suggesting that an important channel for managerial ability to affect bank-loan pricing is through improved financial disclosure …

disclosure framework. The main contribution of this paper relates to its methodology, comprising both quantitative and …