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 …

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 …

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