Voluntary disclosure with multiple channels and investor sophistication
An analytical model of voluntary disclosure in which a manager can disclose through two channels with different ease of processing, and with two types of investors. The model shows that in the presence of a second channel, managers have an incentive to decrease disclosures that will be quickly proce...
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
2018
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/soa_research/1775 https://ink.library.smu.edu.sg/context/soa_research/article/2802/viewcontent/SSRN_id3225226.pdf |
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| 機構: | Singapore Management University |
| 語言: | English |