This study investigates the link between corporate disclosure and cost of debt on the German corporate bond market … disclosure is actually perceived by market participants and, consequently, reflected in lower yield spreads. In contrast to … previous studies in this field, I use a very specific bondholder relations measure in addition to a conventional disclosure …

informed. The same cannot be said about outside investors relying primarily on public disclosure. A descriptive analysis of the … main elements of the Germany system and a survey of extant empirical accounting research generally support these arguments. …

This paper studies optimal risk-taking and information disclosure by firms that obtain financing from both a …

This paper studies the incentives for interim voluntary disclosure of verifiable information in probabilistic all … strong-form disclosure principle is robust with respect to correlation, partitional evidence, randomized disclosures …

A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal … principal maximizes his expected payoff by controlling the quality of his information, and the disclosure rule. We show that …

communication, mandate not only the content but also the format of disclosure, and regulate product design. …

costs. I present a simple economic mechanism under which such disclosure often leads to more informative, but at the same … naive or delegating receivers; disclosure is thus not a Pareto-improvement among receivers. I identify general conditions of … the information structure under which this effect manifests and show that whenever it does, full disclosure is socially …

costs. I present a simple economic mechanism under which such disclosure often leads to more informative, but at the same … delegating receivers; disclosure is thus not a Pareto-improvement among receivers. I identify general conditions of the … information structure under which this effect manifests and show that whenever it does, full disclosure is socially inefficient …