Wheatley, Clark; Brown, Robert; Johnson, George - In: Review of Quantitative Finance and Accounting 24 (2005) 3, pp. 277-293
We investigated disclosure decisions by identifying a circumstance, the spin-off of a segment, where the benefits of disclosure should outweigh the costs. We compared the valuation revisions associated with spin-off announcements of firms with previous line of business disclosures to valuation...
