..., Farre-Mensa, and Simintzi 2019 ; Cohen, Gurun, and Kominers 2019 ), but they do not address the role of disclosure in a firm’s exposure to this risk. While there is ample research on the relation between litigation risk and corporate disclosures, this literature focuses predominantly on the risk...

... suggest that increased market transparency improves investors' access to information not only directly, by revealing the information contained in returns/trading, but also indirectly, by increasing corporate disclosure. To shed more light on the nature of the disclosure increase, I study (i) its timing...

... and Columbia University. Jihwon Park gratefully acknowledges financial support from the Samsung Scholarship. Editor's note: Accepted by Gregory S. Miller, under the Senior Editorship of Mark L. DeFond. September 2015 July 2018 2019 conference calls corporate disclosure...

..., and National Taiwan University. We also thank Jia-Chi Cheng, Jun Guo, and Kate Tseng for excellent research assistance. Editor's note: Accepted by Wayne Thomas. April 2008 June 2011 2012 cash holdings corporate disclosure corporate governance...