A rationale for imperfect reporting standards
HL Friedman, JS Hughes… - Management Science, 2022 - pubsonline.informs.org
The aim of general purpose financial reporting is to provide information that is useful to
investors, lenders, and other creditors. With this goal, regulators have tended to mandate …
investors, lenders, and other creditors. With this goal, regulators have tended to mandate …
Voluntary disclosure when private information and disclosure costs are jointly determined
JM Kim, DJ Taylor, RE Verrecchia - Review of Accounting Studies, 2021 - Springer
Classical models of voluntary disclosure feature two economic forces: the existence of an
adverse selection problem (eg, a manager possesses some private information) and the …
adverse selection problem (eg, a manager possesses some private information) and the …
Board bias, information, and investment efficiency
M Gregor, B Michaeli - Review of Accounting Studies, 2024 - Springer
We identify a novel force behind the benefit of misaligned preferences in corporate
governance. Our model entails a CEO who encounters a project and, after gathering …
governance. Our model entails a CEO who encounters a project and, after gathering …