The purpose of this paper is two-fold. First, I attempt a taxonomy of the extant accounting
literature on disclosure: that is, a categorization of the various models of disclosure in the …

Regulation requiring insiders to publicly disclose their stock trades after the fact complicates
the trading decisions of informed, rent‐seeking insiders. Given this requirement, we present …

We use a rational expectations model to examine how public disclosure requirements affect
listing decisions by rent-seeking corporate insiders, and allocation decisions by liquidity …

This paper examines the ex ante effects of public information quality on market prices and
how such effects vary with information asymmetry among traders in a two-period …

This paper investigates inter-temporal relations in market liquidity and price efficiency in a
setting that is more descriptive of trading patterns around public announcements than those …

Although prior research documents that prices respond to earnings announcements, only a
little of the price variation is explained by these announcements. To further investigate the …

Johnstone (2016) provides a theoretical analysis of how information might increase
uncertainty and a firm's cost of equity capital (COEC). The author's analysis serves to …

This paper investigates the determinants of liquidity by utilizing the Graphical Reversible-
Jump-MCMC algorithm (G-RJMCMC-VS) of Lunn et al.(2009) and employing the data of …

This dissertation investigates the boundary of market efficiency theoretically and empirically.
It suggests that a diffusion mechanism exists in capital markets. A stylized information …

Human capital theory posits that individuals will pursue educational opportunities with the
intent of improving their economic condition. This suggests that education institutions would …