...Novia X. Chen; Sabrina Chi; Terry Shevlin ABSTRACT Disclosure theory predicts that the likelihood of voluntary disclosures increases with the noise level in mandatory disclosures. We test this prediction by exploiting a unique setting where firms simultaneously provide two forecasts of the same...

... School, Department of Accounting, London, U.K. Editor's note: Accepted by Christi A. Gleason. 1 11 2020 1 12 2021 real effects disclosure regulation private disclosure mandatory disclosure country-by-country reporting tax transparency tax avoidance tax havens...

...Matthias Breuer; Katharina Hombach; Maximilian A. Müller ABSTRACT We predict and find that regulated firms' mandatory disclosures crowd out unregulated firms' voluntary disclosures. Consistent with information spillovers from regulated to unregulated firms, we document that unregulated firms...

... 2022 expected returns risk premium cost of capital growth voluntary disclosure mandatory disclosure Following our primary firm-level analyses, we introduce an additional disclosure measure intended to conform more closely to the disclosure environment characterized in several...

... mandatory disclosure market inefficiency effectiveness of regulation earnings forecast A large literature investigates why firms use derivatives to hedge various risks. For instance, Smith and Stulz (1985) contend that decreased cash flow volatility from hedging activities is beneficial...

... disclosures required for non-EGCs. Our findings are consistent with proprietary cost concerns motivating EGCs to eliminate some of the previously mandatory disclosures, which increases information uncertainty in the IPO market, attracts investors who rely more on private information, and leads EGCs to provide...

... Pincus. May 2013 June 2014 2015 permanently reinvested earnings mandatory disclosure voluntary disclosure tax U.S. corporations defer U.S. taxation on earnings of foreign subsidiaries until the earnings are repatriated to the U.S...