Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Davide Cianciaruso"'
Publikováno v:
The Accounting Review. :1-26
We study the impact of asymmetric (i.e., conservative or aggressive) disclosure on a firm’s price in the classic setting in which its stock is traded by risk-averse investors and noise or liquidity traders. We show that asymmetric accounting polici
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8e9331baf69a05e7732ccc6d1fb2aa0b
https://doi.org/10.2308/tar-2021-0175
https://doi.org/10.2308/tar-2021-0175
Publikováno v:
Journal of Accounting Research. 59:1523-1571
How precise should accounting measurements be, if management has discretion to strategically withhold? We examine this question by nesting an optimal persuasion mechanism, which controls what measurements are conducted, within a voluntary disclosure
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f363dd9c2154941ba3ce2b8a7497bcea
https://doi.org/10.1111/1475-679x.12390
https://doi.org/10.1111/1475-679x.12390
Publikováno v:
Management Science. 67:2541-2561
We study the consequences of misreporting in settings where ambiguity-averse investors face uncertainty about two aspects of the firm: its productivity and the weakness of its reporting system. We show that the joint presence of these two sources of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9e4537fc14e0f81c91e6a5f92bbe5fe4
https://doi.org/10.1287/mnsc.2019.3558
https://doi.org/10.1287/mnsc.2019.3558
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::03ee53995e956d2eee9da3b420bd8467
https://doi.org/10.2139/ssrn.4011359
https://doi.org/10.2139/ssrn.4011359
Autor:
Davide Cianciaruso, Sri S. Sridhar
Publikováno v:
Journal of Accounting Research. 56:1253-1283
Firms sometimes obtain soft private information about growth prospects along with hard information about current or past performance. In this environment, we find that optimizing disclosures over multiple periods yields nonlinear stock price reaction
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6f6a215ec5cc1a28ad1523dfcb9ef842
https://doi.org/10.1111/1475-679x.12210
https://doi.org/10.1111/1475-679x.12210
Autor:
Davide Cianciaruso, Jeremy Bertomeu
Publikováno v:
Economic Theory. 65:1011-1044
We develop a unified treatment of truthful disclosure (persuasion) games, providing a joint framework that nests, among other models, unraveling theory, costly disclosure, uncertainty about information endowment and multi-dimensional disclosure. We s
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::98e790d6bc2e3626714c09ede93103cd
https://doi.org/10.1007/s00199-017-1048-x
https://doi.org/10.1007/s00199-017-1048-x
Publikováno v:
SSRN Electronic Journal.
We study the optimal disclosure policy of a firm that wishes to maximize its expected stock price in the classic setting in which its stock is traded by risk-averse investors and noise traders. The optimal policy is imprecise and leads to skewed post
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::eb48d37690ea3205d8a0af7557459682
https://doi.org/10.2139/ssrn.3686089
https://doi.org/10.2139/ssrn.3686089
Firms sometimes obtain soft private information about growth prospects along with hard information about current or past performance. In this environment, we find that optimizing disclosures over multiple periods yields nonlinear stock price reaction
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0793ba1635c75860f7c9a5cdb1a8369a
https://hal-hec.archives-ouvertes.fr/hal-01933869
https://hal-hec.archives-ouvertes.fr/hal-01933869
Autor:
Jeremy Bertomeu, Davide Cianciaruso
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4d67f55db02ceb69b785b6ecc57e17af
https://doi.org/10.2139/ssrn.2649651
https://doi.org/10.2139/ssrn.2649651
Autor:
Davide Cianciaruso, Fabrizio Germano
By identifying types whose low-order beliefs, up to level l(sub i), about the state of nature coincide, we obtain quotient type spaces that are typically smaller than the original ones, preserve basic topological properties, and allow standard equili
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::184ded9621fab496a601279fe39031f8
http://www.kellogg.northwestern.edu/research/math/papers/1539.pdf
http://www.kellogg.northwestern.edu/research/math/papers/1539.pdf