Zobrazeno 1 - 10
of 83
pro vyhledávání: '"Robert E. Verrecchia"'
Publikováno v:
Review of Accounting Studies. 26:971-1001
Classical models of voluntary disclosure feature two economic forces: the existence of an adverse selection problem (e.g., a manager possesses some private information) and the cost of ameliorating the problem (e.g., costs associated with disclosure)
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::34c9750e7b1bc33ebd76b63a0d4fa12e
https://doi.org/10.1007/s11142-021-09601-z
https://doi.org/10.1007/s11142-021-09601-z
Publikováno v:
Review of Accounting Studies. 25:597-635
We examine the relation between manager horizon and discretionary disclosure, using patenting as a measure of disclosure. Patenting reflects, in part, a manager’s decision to disclose the successful outcome of research and development (R&D). When a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b56b96b386a469e43359811811f10f56
https://doi.org/10.1007/s11142-019-09520-0
https://doi.org/10.1007/s11142-019-09520-0
Autor:
Robert E. Verrecchia, Christina Zhu
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::af774fed7b3c7b222f75e979f507a948
https://doi.org/10.2139/ssrn.4001932
https://doi.org/10.2139/ssrn.4001932
Publikováno v:
Journal of Accounting and Economics. 67:80-97
Using the equity market liberalization of 23 emerging market countries between 1996 and 2006, we examine how the degree of competition for a firm's shares affects the price of information asymmetry. We find evidence of a significant decline in the pr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e837b01a2fdc2a2799c56c8bd327b609
https://doi.org/10.1016/j.jacceco.2018.08.015
https://doi.org/10.1016/j.jacceco.2018.08.015
Publikováno v:
Review of Accounting Studies. 26:1002-1003
A Correction to this paper has been published: 10.1007/s11142-021-09623-7
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7b456bdae4d4a01cea88344d57573214
https://doi.org/10.1007/s11142-021-09623-7
https://doi.org/10.1007/s11142-021-09623-7
Publikováno v:
SSRN Electronic Journal.
We identify a pecuniary externality arising from corporate tax avoidance. Firms share risk with the government via taxation. The lower the tax rate applied to a firm’s earnings, the more risk is borne by its shareholders. As more firms engage in av
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::65b544a22afd62d1ab7b8000601b1b87
https://doi.org/10.2139/ssrn.3662733
https://doi.org/10.2139/ssrn.3662733
Publikováno v:
SSRN Electronic Journal.
Classical models of voluntary disclosure feature two economic forces: the existence of an adverse selection problem (e.g., a manager possesses some private information) and the cost of ameliorating the problem (e.g., costs associated with disclosure)
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fb41cbc98f736b6f2be7fdba85ca55f7
https://doi.org/10.2139/ssrn.3595320
https://doi.org/10.2139/ssrn.3595320
Publikováno v:
The Accounting Review. 93:191-208
While researchers and practitioners alike estimate firms' exposures to systematic risk factors, the disclosure literature typically assumes that exposures are common knowledge. We develop a model where the firm's exposure to a factor is unknown, and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::82ea09a4773fa91dca64ea72c9b1e476
https://doi.org/10.2308/accr-51863
https://doi.org/10.2308/accr-51863
Publikováno v:
Management Science. 62:2859-2870
This paper studies the propensity of firms to commit to disclose information that is subsequently biased, in the presence of other firms also issuing potentially biased information. An important aspect of such an analysis is the fact that firms can c
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cc3c2cc1f9bdf5f95b2082ce47d7ddfb
https://doi.org/10.1287/mnsc.2015.2283
https://doi.org/10.1287/mnsc.2015.2283
Publikováno v:
Journal of Accounting and Economics. 61:563-583
In addition to being a function of traditional fundamentals such as cash-flow persistence and the discount rate, the equilibrium association between a security price and a value-relevant statistic can simply be a function of what rational investors b
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f0595375030dda848539e7204ff0ce0e
https://doi.org/10.1016/j.jacceco.2015.07.006
https://doi.org/10.1016/j.jacceco.2015.07.006