Endogenizing Discretion in Disclosures

Published Online:https://doi.org/10.1287/mnsc.2022.4505

References

  • Antle R, Eppen GD (1985) Capital rationing and organizational slack in capital budgeting. Management Sci. 31(2):163–174.LinkGoogle Scholar
  • Antle R, Fellingham J (1995) Information rents and preferences among information systems in a model of resource allocation. J. Accounting Res. 33:41–58.CrossrefGoogle Scholar
  • Aobdia D, Cheng L (2018) Unionization, product market competition, and strategic disclosure. J. Accounting Econom. 65(2–3):331–357.CrossrefGoogle Scholar
  • Arya A, Ramanan RN (2021) Voluntary disclosure in light of control concerns. Contemporary Accounting Res. 38(4):2824–2850.CrossrefGoogle Scholar
  • Arya A, Ramanan RN (2022) Disclosure to regulate learning in product markets from the stock market. Accounting Rev. 97(3):1–24.CrossrefGoogle Scholar
  • Arya A, Mittendorf B, Ramanan RN (2017) Synergy between accounting disclosures and forward-looking information in stock prices. Accounting Rev. 92(2):1–17.CrossrefGoogle Scholar
  • Arya A, Fellingham J, Glover J, Sivaramakrishnan K (2000) Capital budgeting, the hold-up problem, and information system design. Management Sci. 46(2):205–216.LinkGoogle Scholar
  • Bagnoli M, Watts SG (2007) Financial reporting and supplemental voluntary disclosures. J. Accounting Res. 45(5):885–913.CrossrefGoogle Scholar
  • Bagnoli M, Watts SG (2015a) Competitive intelligence and disclosure. RAND J. Econom. 46(4):709–729.CrossrefGoogle Scholar
  • Bagnoli M, Watts SG (2015b) Delegating disclosure and production choices. Accounting Rev. 90(3):835–857.CrossrefGoogle Scholar
  • Bertomeu J, Cheynel E (2015) Asset measurement in imperfect credit markets. J. Accounting Res. 53(5):965–984.CrossrefGoogle Scholar
  • Bertomeu J, Cheynel E, Cianciaruso D (2021) Strategic withholding and imprecision in asset measurement. J. Accounting Res. 59(5):1523–1571.CrossrefGoogle Scholar
  • Bova F (2013) Labor unions and management’s incentive to signal a negative outlook. Contemporary Accounting Res. 30(1):14–41.CrossrefGoogle Scholar
  • Chen S, Matsumoto D, Rajgopal S (2011) Is silence golden? An empirical analysis of firms that stop giving quarterly earnings guidance. J. Accounting Econom. 51(1–2):134–150.CrossrefGoogle Scholar
  • Christensen PO, Feltham GA (2005) Economics of Accounting: Volume II—Performance Evaluation (Springer Science Plus Business Media, Inc., New York).Google Scholar
  • Chung R, Lee BBH, Lee WJ, Sohn BC (2016) Do managers withhold good news from labor unions? Management Sci. 62(1):46–68.LinkGoogle Scholar
  • Darrough MN (1993) Disclosure policy and competition: Cournot vs. Bertrand. Accounting Rev. 68(3):534–561.Google Scholar
  • Dikolli SS, Vaysman I (2006) Information technology, organizational design, and transfer pricing. J. Accounting Econom. 41(1–2):201–234.CrossrefGoogle Scholar
  • Dye RA (1985) Disclosure of nonproprietary information. J. Accounting Res. 23(1):123–145.CrossrefGoogle Scholar
  • Dye RA (2017) Optimal disclosure decisions when there are penalties for nondisclosure. RAND J. Econom. 48(3):704–732.CrossrefGoogle Scholar
  • Dye RA, Hughes JS (2018) Equilibrium voluntary disclosures, asset pricing, and information transfers. J. Accounting Econom. 66(1):1–24.CrossrefGoogle Scholar
  • Feltham GA, Xie JZ (1992) Voluntary financial disclosure in an entry game with continua of types. Contemporary Accounting Res. 9(1):46–80.CrossrefGoogle Scholar
  • Fischer PE, Verrecchia RE (2004) Disclosure bias. J. Accounting Econom. 38:223–250.CrossrefGoogle Scholar
  • Friedman HL, Hughes JS, Michaeli B (2020) Optimal reporting when additional information might arrive. J. Accounting Econom. 69(2–3):101276.CrossrefGoogle Scholar
  • Friedman HL, Hughes JS, Michaeli B (2021) A rationale for imperfect reporting standards. Management Sci. 68(3):2028–2046.LinkGoogle Scholar
  • Gal-Or E (1985) Information sharing in oligopoly. Econometrica 53(2):329–343.CrossrefGoogle Scholar
  • Gao P (2010) Disclosure quality, cost of capital, and investor welfare. Accounting Rev. 85(1):1–29.CrossrefGoogle Scholar
  • Gao P, Liang PJ (2013) Informational feedback, adverse selection, and optimal disclosure policy. J. Accounting Res. 51(5):1133–1158.CrossrefGoogle Scholar
  • Goex RF, Wagenhofer A (2009) Optimal impairment rules. J. Accounting Econom. 48(1):2–16.CrossrefGoogle Scholar
  • Heinle MS, Verrecchia RE (2016) Bias and the commitment to disclosure. Management Sci. 62(10):2859–2870.LinkGoogle Scholar
  • Kamenica E, Gentzkow M (2011) Bayesian persuasion. Amer. Econom. Rev. 101(6):2590–2615.CrossrefGoogle Scholar
  • Kumar P, Langberg N, Sivaramakrishnan K (2012) Voluntary disclosures, corporate control and investment. J. Accounting Res. 50(4):1041–1076.CrossrefGoogle Scholar
  • Kyle AS (1985) Continuous auctions and insider trading. Econometrica: J. Econometric Soc. 1315–1335.CrossrefGoogle Scholar
  • Langberg N, Sivaramakrishnan K (2010) Voluntary disclosures and analyst feedback. J. Accounting Res. 48(3):603–646.CrossrefGoogle Scholar
  • Laux V (2014) Corporate Governance, Board Oversight, and CEO Turnover, Foundations and Trends in Accounting, vol. 8 (Now Publishers Inc., Hanover, MA).Google Scholar
  • Lev B (2021) Earnings guidance is back: Oh no, oh yes. Seeking Alpha, Accessed March 16, 2021, https://seekingalpha.com/article/4414203-earnings-guidance-is-back-oh-no-oh-yes.Google Scholar
  • Michaeli B (2017) Divide and inform: Rationing information to facilitate persuasion. Accounting Rev. 92(5):167–199.CrossrefGoogle Scholar
  • Pfeiffer T (2004) The value of information in the hold-up problem. German Econom. Rev. 5(2):177–203.CrossrefGoogle Scholar
  • Verrecchia RE (1983) Discretionary disclosure. J. Accounting Econom. 5:179–194.CrossrefGoogle Scholar
  • Wagenhofer A (1990) Voluntary disclosure with a strategic opponent. J. Accounting Econom. 12(4):341–363.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.