"Recent years have witnessed an exponential growth in corporate governance. Improvements in corporate governance practice are being orchestrated at a global level. International bodies such as the Organization for Economic Cooperation and Development (OECD) have developed internationally...

This paper examines factors influencing voluntary forecast disclosure by target companies, whether good/bad news forecasts are disclosed and the influence of forecasts on the outcome of hostile bids. Disclosure was significantly more likely during contested bids. In agreed bids, probability of...

This exploratory study extends the analysis of narrative disclosures from routine reporting contexts such as annual reports and press releases to non-routine takeover documents where the financial consequences of narrative disclosures can be substantial. Rhetoric and argument in the form of...