Access the full text.
Sign up today, get DeepDyve free for 14 days.
Michael Kirschenheiter, B. Jorgensen (2002)
Discretionary Disclosures with Risk-Averse Investors'Financial Accounting
A. Beyer, D. Cohen, Thomas Lys, Beverly Walther (2010)
The Financial Reporting Environment: Review of the Recent LiteratureCapital Markets: Market Efficiency
(1981)
Good News and Bad News: Representation Theorems and Applications
Mark Lang, Russell Lundholm (1993)
CROSS- SECTIONAL DETERMINANTS OF ANALYST RATINGS OF CORPORATE DISCLOSURESJournal of Accounting Research, 31
C. Leuz, Robert Verrecchia (1999)
The Economic Consequences of Increased DisclosureJournal of Accounting Abstracts
R. Dye (1985)
DISCLOSURE OF NONPROPRIETARY INFORMATIONJournal of Accounting Research, 23
Verrecchia Verrecchia (1983)
Discretionary DisclosureJournal of Accounting & Economics, 5
(2001)
Essays on Disclosure
Christine Botosan, M. Stanford (2000)
Motivations for Changes in Disclosure Frequency and Its Consequences: An Examination of Voluntary Quarterly Segment DisclosuresJournal of Accounting Research, 38
Brett Trueman (1997)
Managerial Disclosures and Shareholder LitigationReview of Accounting Studies, 2
Christine Botosan (1997)
Disclosure level and the cost of equity capitalAccounting review: A quarterly journal of the American Accounting Association, 72
R. Dye (1986)
Proprietary and Nonproprietary DisclosuresThe Journal of Business, 59
Shuping Chen, Dawn Matsumoto, Shivaram Rajgopal (2005)
Is silence golden? An empirical analysis of firms that stop giving quarterly earnings guidanceJournal of Accounting and Economics, 51
Eti Einhorn (2004)
The Nature of the Interaction between Mandatory and Voluntary DisclosuresBehavioral & Experimental Economics
Eti Einhorn, Amir Ziv (2007)
Unbalanced Information and the Interaction between Information Acquisition, Operating Activities, and Voluntary DisclosureThe Accounting Review, 82
Christine Botosan, Marlene Plumlee (2002)
A Re‐examination of Disclosure Level and the Expected Cost of Equity CapitalJournal of Accounting Research, 40
R. Dye (2001)
An Evaluation of 'Essays on Disclosure' and the Disclosure Literature in AccountingJournal of Accounting and Economics, 32
Michael Kirschenheiter (1997)
Information Quality and Correlated SignalsJournal of Accounting Research, 35
Fishman Fishman, Hagerty Hagerty (2003)
Mandatory vs. Voluntary Disclosure in Markets with Informed and Uninformed CustomersJournal of Law, Economics and Organization, 19
Woon‐Oh Jung, Y. Kwon (1988)
Disclosure When The Market Is Unsure Of Information Endowment Of ManagersJournal of Accounting Research, 26
Eti Einhorn (2007)
Voluntary Disclosure Under Uncertainty About the Reporting ObjectiveJournal of Accounting and Economics, 43
Venky Nagar (1999)
The Role of the Manager?S Human Capital in Discretionary DisclosureJournal of Accounting Research, 37
Douglas Diamond, Robert Verrecchia (1991)
Disclosure, Liquidity, and the Cost of CapitalJournal of Finance, 46
Michael Fishman, K. Hagerty (1997)
Mandatory vs. Voluntary Disclosure in Markets with Informed and Uninformed CustomersIndustrial Organization & Regulation eJournal
Einhorn Einhorn (2005)
The Nature of the Interaction between Mandatory and Voluntary DisclosuresJournal of Accounting Research, 43
Suil Pae (2005)
Selective disclosures in the presence of uncertainty about information endowmentJournal of Accounting and Economics, 39
J. Suijs (2007)
Voluntary disclosure of information when firms are uncertain of investor responseJournal of Accounting and Economics, 43
Stanley Baiman, Robert Verrecchia (1996)
The Relation Among Capital Markets, Financial Disclosure, Production Efficiency, and Insider TradingJournal of Accounting Research, 34
Easley Easley, O'Hara O'Hara (2004)
Information and the Cost of CapitalJournal of Finance, 59
Frank Gigler, T. Hemmer (1998)
On the frequency, quality, and informational role of mandatory financial reportsJournal of Accounting Research, 36
R. Dye, S. Sridhar (1995)
Industry-Wide Disclosure DynamicsJournal of Accounting Research, 33
George Akerlof (1970)
The Market for “Lemons”: Quality Uncertainty and the Market MechanismQuarterly Journal of Economics, 84
T. Cosimano, B. Jorgensen, Ramachandran Ramanan (2002)
Discretionary Disclosures Over TimeFourteenth Annual Financial Economics & Accounting (FEA) Conference (Archive)
M. Sampford (1953)
Some Inequalities on Mill's Ratio and Related FunctionsAnnals of Mathematical Statistics, 24
Phillip Stocken (2000)
Credibility of Voluntary DisclosureThe RAND Journal of Economics, 31
Russell Lundholm (1999)
Historical Accounting and the Endogenous Credibility of Current DisclosuresJournal of Accounting, Auditing & Finance, 18
Sanford Grossman, O. Hart (1980)
Disclosure Laws and Takeover BidsJournal of Finance, 35
Maureen O'Hara, D. Easley (2001)
Information and the Cost of CapitalCorporate Finance: Valuation
Sanford Grossman (1981)
The Informational Role of Warranties and Private Disclosure about Product QualityThe Journal of Law and Economics, 24
ABSTRACT While empirical evidence alludes to the intertemporal nature of corporate voluntary disclosures, most of the existing theory analyzes firms' voluntary disclosure decisions within single‐period settings. Introducing a repeated, multiperiod, disclosure setting, we study the extent to which firms' strategic disclosure behavior in the past affects their prosperity to provide voluntary disclosures in the future. Our analysis demonstrates that by voluntarily disclosing private information firms make an implicit commitment to provide similar disclosures in the future, and therefore are less willing to voluntarily disclose information in the first place. This effect is expected to be of larger magnitude for firms (1) with a long history of absence of voluntary disclosures and an impressive past operating performance, or (2) that operate in a relatively stable and predictable business and information environment, or (3) whose managers have a long time horizon and a high degree of risk aversion.
Journal of Accounting Research – Wiley
Published: Jun 1, 2008
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.