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. …

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. …

information that is disclosed at the end of the auction will influence bidding. Our analysis focuses on several bid disclosure … facts about takeovers/licence auctions. Also, we rank the disclosure rules in terms of the expected revenues they generate … and find that, under certain conditions, full disclosure will not be optimal. …

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

disclosure is to reduce treacherous advice. Our results show that timing actually matters: subsequent transparency significantly …

A principal acquires information about a shock and then discloses it to an agent. After the disclosure, the principal … disclosure rule. We show that even when the acquisition of perfect information is costless, the principal may optimally acquire …