Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062007 | Economics Letters | 2008 | 8 Pages |
Abstract
This paper studies a risk-averse insider's reaction to mandatory disclosure regulations. In particular, we examine the effects of disclosure on price efficiency and market liquidity. Contrary to what people generally believe, mandatory disclosure may lead to less efficient prices and less liquid markets.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hui Huang,