Access the full text.
Sign up today, get DeepDyve free for 14 days.
M. Darrough, N. Stoughton (1990)
Financial disclosure policy in an entry gameJournal of Accounting and Economics, 12
M. Moonitz (1961)
The basic postulates of accountingAccounting Research Study, 1
R. Dye (1985)
Disclosure of nonproprietary informationJournal of Accounting Research, 23
R. Verrecchia (1983)
Discretionary disclosureJournal of Accounting and Economics, 5
R. Ball, P. Brown (1968)
An empirical evaluation of accounting income numbersJournal of Accounting Research,, 6
R. Dye (1990)
Mandatory versus voluntary disclosures: The cases of financial and real externalitiesThe Accounting Review, 65
W. Paton, A. Littleton (1940)
An introduction to corporate accounting standardsAmerican Accounting Association Monograph, 3
P. Liang, X. Zhang (2006)
Accounting treatment of uncertainty and the capital structure of the firmJournal of Accounting Research, 44
G. Clinch, R. Verrecchia (1997)
Competitive disadvantage and discretionary disclosure in industriesAustralian Journal of Management, 22
A. Admati, P. Pfleiderer (2000)
Forcing frms to talk: financial disclosure regulation and externalityReview of Financial Studies, 13
D. Diamond (1985)
Optimal release of information by firmsJournal of Finance, 40
S. Basu (1997)
The conservatism principle and the asymmetric timeliness of earningsJournal of Accounting and Economics, 24
P. Milgrom (1981)
Good news and bad news: representation theorems and applicationsBell Journal of Economics, 12
S. Wallman (1995)
The future of accounting and disclosure in an evolving world: The need for dramatic changeAccounting Horizon, 9
D. Fried (1984)
Incentives for information production and disclosure in a duopolistic environmentQuarterly Journal of Economics, 99
E. Einhorn (2005)
The nature of the interaction between mandatory and voluntary disclosuresJournal of Accounting Research, 43
R. Dye, S. Sridhar (2004)
Reliability-relevance trade-offs and the efficiency of aggregationJournal of Accounting Research, 42
J. Demski (1973)
The general impossibility of normative accounting standardsThe Accounting Review, 48
Y. Ijiri (1975)
Theory of accounting and measurement. Studies in accounting research (Vol. 10)
N. Hakansson, G. Kunkel, J. Ohlson (1982)
Sufficient and necessary conditions for information to have social value in pure exchangeJournal of Finance, 37
V. Crawford, J. Sobel (1982)
Strategic information transmissionEconometrica, 50
F. Gigler, T. Hemmer (1998)
On the frequency, quality, and informational role of mandatory financial reportsJournal of Accounting Research, 36
B. Lev, P. Zarowin (1999)
The boundaries of financial reporting and how to extend themJournal of Accounting Research, 37
B. Trueman, F. Wong, X. Zhang (2000)
The eyeballs have it: searching for the value in internet stocksJournal of Accounting Research, 38
S. Teoh (1997)
Information disclosure and voluntary contribution of public goodsRand Journal of Economics, 28
A. Wagenhofer (1990)
Voluntary disclosure with a strategic opponentJournal of Accounting and Economics, 12
E. Heffes (2005)
The relevance of reliability: An update on the FASB and IASB joint conceptual framework projectFinancial Executive, 21
C. Shapiro (1986)
Exchange of cost information in oligopolyReview of Economic Studies, 53
M. Darrough (1993)
Disclosure policy and competition: Cournot vs. BertrandThe Accounting Review, 68
J. Demski (1974)
Choice among financial reporting alternativesThe Accounting Review, 49
E. Gal-Or (1985)
Information sharing in oligopolyEconometrica, 53
S. Grossman (1981)
The informational role of warranties and private disclosure about product qualityJournal of Law and Economics, 24
This paper examines the relation between information’s properties, such as reliability and relevance, and public disclosure policy. It shows that the optimal accounting system often involves a carefully balanced combination of mandatory and voluntary disclosure, with mandatory reporting focused on more reliable information. The emphasis on reliability causes the welfare-maximizing mandatory report to consistently lag behind the financial market in incorporating value-relevant information.
Review of Accounting Studies – Springer Journals
Published: Nov 1, 2011
Access the full text.
Sign up today, get DeepDyve free for 14 days.