Ownership, competition, and financial disclosure
Empirical research on firms’ (dis)incentives to disclose investigates the effects of a range of variables including information asymmetry, agency costs, political costs, and proprietary costs. Verrecchia (2001) argues that economic-based models of disclosure must establish a link between financial reporting and its economic consequences. In response to Verrecchia (2001) and drawing on the industrial organization and strategic management disciplines we introduce a new variable (measuring insider...[Show more]
|Collections||ANU Research Publications|
|Source:||Australian Journal of Management|
|F0404.pdf||264.73 kB||Adobe PDF|
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