Disclosure Substitution

Published Online:https://doi.org/10.1287/mnsc.2022.4549

References

  • Armstrong C, Kepler J, Samuels D, Taylor D (2022) Causality redux: The evolution of empirical methods in accounting research and the growth of quasi-experiments. J. Accounting Econom. 101521.Google Scholar
  • Bagnoli M, Watts S (2007) Financial reporting and supplemental voluntary disclosures. J. Accounting Res. 45(5):885–913.CrossrefGoogle Scholar
  • Balakrishnan K, Blouin J, Guay W (2018) Does tax aggressiveness reduce corporate transparency? Accounting Rev. 94(1):45–69.CrossrefGoogle Scholar
  • Bao D, Kim Y, Su L (2022) Do firms redact information from material contracts to conceal bad news? Accounting Rev. Forthcoming.CrossrefGoogle Scholar
  • Barth M, Landsman W, Taylor D (2017) The JOBS Act and information uncertainty in IPO firms. Accounting Rev. 92(6):25–47.CrossrefGoogle Scholar
  • Barth M, Landsman W, Tian X, Yu M (2020) Does voluntary disclosure substitute for mandatory disclosure? Evidence from contract redactions. Working paper, Stanford University, Stanford, CA.Google Scholar
  • Becker G, Murphy K (1993) A simple theory of advertising as a good or bad. Quart. J. Econom. 108(4):941–964.CrossrefGoogle Scholar
  • Bertomeu J, Magee R (2015) Mandatory disclosure and asymmetry in financial reporting. J. Accounting Econom. 59(2–3):284–299.CrossrefGoogle Scholar
  • Bertomeu J, Marinovic I (2016) A theory of hard and soft information. Accounting Rev. 91(1):1–20.CrossrefGoogle Scholar
  • Bertomeu J, Beyer A, Taylor D (2016) From casual to causal inference in accounting research: The need for theoretical foundations. Foundations Trends Accounting, 10(2–4):262–313.CrossrefGoogle Scholar
  • Bertomeu J, Vaysman I, Xue W (2022) Efficient disclosure laws. Rev. Accounting Stud. Forthcoming.Google Scholar
  • Beyer A, Cohen D, Lys T, Walther B (2010) The financial reporting environment: Review of the recent literature. J. Accounting Econom. 50(2–3):296–343.CrossrefGoogle Scholar
  • Blankespoor E, deHaan E, Marinovic I (2020) Disclosure processing costs, investors’ information choice, and equity market outcomes: A review. J. Accounting Econom. 70(2–3):101344.CrossrefGoogle Scholar
  • Boone A, Floros I, Johnson S (2016) Redacting proprietary information at the initial public offering. J. Financial Econom. 120(1):102–123.CrossrefGoogle Scholar
  • Bourveau T, She G, Zaldokas A (2020) Corporate disclosure as a tacit coordination mechanism: Evidence from cartel enforcement regulations. J. Accounting Res. 58(2):295–332.CrossrefGoogle Scholar
  • Chen C, Hepfer B, Quinn P, Wilson R (2018) The effect of tax-motivated income shifting on information asymmetry. Rev. Accounting Stud. 23:958–1004.CrossrefGoogle Scholar
  • Chen G, Tian X, Yu M (2022) Redact to protect? Customers’ incentive to protect information and suppliers’ disclosure strategies. J. Accounting Econom. 101490.Google Scholar
  • Cheynel E, Ziv A (2021) On market concentration and disclosure. J. Financial Reporting 6(2):1–18.Google Scholar
  • Dye RA (1985) Disclosure of nonproprietary information. J. Accounting Res. 23(1):123–145.CrossrefGoogle Scholar
  • Ehinger A, Lee J, Stomberg B, Towery E (2017) Let’s talk about tax. Proc. Annual Conf. Taxation and Minutes of the Annual Meeting of the National Tax Association, vol. 110 (National Tax Association), 1–48.Google Scholar
  • Einhorn E (2005) The nature of the interaction between mandatory and voluntary disclosures. J. Accounting Res. 43(4):593–621.CrossrefGoogle Scholar
  • Ellis J, Fee C, Thomas S (2012) Proprietary costs and the disclosure of information about customers. J. Accounting Res. 50(3):685–727.CrossrefGoogle Scholar
  • Ettredge M, Guo F, Lisic L, Tseng K (2016) Technological competition and corporate disclosure policies. Working paper, University of Kansas, Lawrence, KS.Google Scholar
  • Friedman H, Hughes J, Michaeli B (2020) Optimal reporting when additional information might arrive. J. Accounting Econom. 69(2–3):101276.CrossrefGoogle Scholar
  • Friedman H, Hughes J, Michaeli B (2022) A rationale for imperfect reporting standards. Management Sci. 68(3):2028–2046.Google Scholar
  • Gigler F, Hemmer T (1998) On the frequency, quality, and informational role of mandatory financial reports. J. Accounting Res. 36:117–147.CrossrefGoogle Scholar
  • Glaeser S (2018) The effects of proprietary information on corporate disclosure and transparency: Evidence from trade secrets. J. Accounting Econom. 66(1):163–193.CrossrefGoogle Scholar
  • Graham J, Harvey C, Rajgopal S (2005) The economic implications of corporate financial reporting. J. Accounting Econom. 40(1–3):3–73.CrossrefGoogle Scholar
  • Guay W, Samuels D, Taylor D (2016) Guiding through the fog: Financial statement complexity and voluntary disclosure. J. Accounting Econom. 62(2–3):234–269.CrossrefGoogle Scholar
  • Huang Y, Jennings R, Yu Y (2017) Product market competition and managerial disclosure of earnings forecasts: Evidence from import tariff rate reductions. Accounting Rev. 92(3):185–207.CrossrefGoogle Scholar
  • Hui K, Lee K, She G, Yeung P (2019) Hoarding non-proprietary bad news through confidential treatments? An analysis of market reactions to redaction amendments. Working paper, University of Hong Kong, Hong Kong.Google Scholar
  • Jennings J, Kim J, Lee J, Taylor D (2021) Measurement error, fixed effects, and false positives in accounting research. Working paper, Washington University, St. Louis.Google Scholar
  • Jovanovic B (1982) Truthful disclosure of information. Bell J. Econom. 13:36–44.Google Scholar
  • Lang M, Sul E (2014) Linking industry concentration to proprietary costs and disclosure: Challenges and opportunities. J. Accounting Econom. 58(2–3):265–274.CrossrefGoogle Scholar
  • Lerman A, Livnat J (2010) The new form 8-K disclosures. Rev. Accounting Stud. 15(4):752–778.CrossrefGoogle Scholar
  • Leuz C, Wysocki P (2016) The economics of disclosure and financial reporting regulation: Evidence and suggestions for future research. J. Accounting Res. 54(2):525–622.CrossrefGoogle Scholar
  • Li E (2013) Revealing future prospects without forecasts: The case of accelerating material contract filings. Accounting Rev. 88(5):1769–1804.CrossrefGoogle Scholar
  • Li X (2010) The impacts of product market competition on the quantity and quality of voluntary disclosures. Rev. Accounting Stud. 15(3):663–711.CrossrefGoogle Scholar
  • Li X, Yang H (2015) Mandatory financial reporting and voluntary disclosure: The effect of mandatory IFRS adoption on management forecasts. Accounting Rev. 91(3):933–953.CrossrefGoogle Scholar
  • Li Y, Lin Y, Zhang L (2018) Trade secrets law and corporate disclosure: Causal evidence on the proprietary cost hypothesis. J. Accounting Res. 56(1):265–308.CrossrefGoogle Scholar
  • Marinovic I, Sridhar S (2015) Discretionary disclosures using a certifier. J. Accounting Econom. 59(1):25–40.CrossrefGoogle Scholar
  • Noh S, So E, Weber J (2019) Switching from voluntary to mandatory disclosure: Do managers view them as substitutes? J. Accounting Econom. 68(1):101243.CrossrefGoogle Scholar
  • Penno MC (1997) Information quality and voluntary disclosure. Accounting Rev. 72(2):275–284.Google Scholar
  • Securities and Exchange Commission (1997) Division of Corporation Finance Staff Legal Bulletin No. 1 (with Addendum), “Confidential Treatment Requests” Action: Publication of CF Staff Legal Bulletin.Google Scholar
  • Securities and Exchange Commission (2019) New rules and procedures for exhibits containing immaterial, competitively harmful information.Google Scholar
  • Stocken P, Verrecchia R (2004) Financial reporting system choice and disclosure management. Accounting Rev. 79(4):1181–1203.CrossrefGoogle Scholar
  • Thompson A, Urcan O, Yoon H (2018) What information do firms hide in confidential SEC filings? Working paper, University of Illinois Urbana–Champaign, Urbana–Champaign, IL.Google Scholar
  • Verrecchia R (1990) Information quality and discretionary disclosure. J. Accounting Econom. 12(4):365–380.CrossrefGoogle Scholar
  • Verrecchia R, Weber J (2006) Redacted disclosure. J. Accounting Res. 44(4):791–814.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.