... blockholder dynamic trading periodic reporting price impact public information public offering welfare THE ACCOUNTING REVIEW Vol. XX, No. XX MONTH YEAR pp. 1 32 American Accounting Association DOI: 10.2308/TAR-2022-0159 Disclosure and Dynamic Risk Sharing with a Large Shareholder Davide Cianciaruso...

...Peter O. Christensen; Hans Frimor ABSTRACT In a standard financial economics model of asset pricing and value-maximizing firms, we show that better public information about firm-specific and economy-wide events affects the allocation of capital investments among firms and over time...

.... DeFond. September 2015 October 2017 2018 information asymmetry voluntary disclosure accounting financial reporting public information private information asset pricing The strategic communication between firms and investors in capital markets through corporate...

...Peter O. Christensen; Zhenjiang Qin ABSTRACT In an incomplete market with heterogeneous prior beliefs, we show that public information can have a substantial impact on the ex ante cost of capital, trading volume, and investor welfare. The Pareto efficient public information system...