...Samuel B. Bonsall, IV; John B. Donovan; Eric R. Holzman; Xue Wang; Daniel G. Yang ABSTRACT Despite private access to managers, issuer-paid credit rating agencies (CRAs) are often criticized for failing to promptly reflect material negative private information in their ratings and being ineffective...

... 09 2020 21 09 2022 03 10 2022 2023 investor conferences voluntary disclosure private information insider trading opportunism Investor conferences are an important component of a firm’s investor relations efforts. Conferences feature presentations by multiple firms...

... stock price declines and potential reputational costs, with the risks of having external parties leak news of SEC investigations. 30 07 2019 10 05 2022 23 05 2022 2023 SEC investigations private information litigation risk external monitors disclosure managerial...

...Mihir N. Mehta; David M. Reeb; Wanli Zhao ABSTRACT We investigate whether corporate insiders attempt to circumvent insider trading restrictions by using their private information to facilitate trading in economically linked firms, a phenomenon we call “shadow trading.” Using measures of informed...

...Eti Einhorn ABSTRACT This study analyzes corporate voluntary disclosures to the capital market in the presence of competing information sources, from which traders can subsequently obtain additional public and private information. The analysis demonstrates that the anticipated access of traders...

.... We begin with a simple agency model (described in Section III and Appendix A) that features how different types of local private information affect firms' performance measurement practices. ¹ We assume that a local manager has private information about drivers of firm value as well...