کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5087090 1478202 2007 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Voluntary disclosure of information when firms are uncertain of investor response
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Voluntary disclosure of information when firms are uncertain of investor response
چکیده انگلیسی

A firm may prefer not to disclose its private information if it is uncertain of investor response. In the setting under consideration, a firm needs to acquire capital from an investor. The investor can choose to invest in the firm, the risk free asset or in some alternative risky investment opportunity. It is shown that in a partial disclosure equilibrium, the firm discloses average information and withholds bad and good information. Disclosure of average information arises to attract the investor's capital away from the risk free asset.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 43, Issues 2–3, July 2007, Pages 391-410
نویسندگان
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