... Committee with responding to requests for comment from standard setters on issues related to financial reporting. The Committee is pleased to respond to proposed disclosure amendments in the FASB’s Exposure Draft, Disaggregation of Income Statement Expenses. The proposed disclosures in the Exposure...

... of information. In contrast to most prior disclosure research which examines whether a piece of information is disclosed, we start from the standpoint that the firm has decided to disclose information. The goal is then to minimize investor asymmetry with respect to that information by informing as many...

... with the ability to explore fundamental questions related to agency costs, governance, compensation, disclosure, and fair value accounting. Finally, we provide guidance on PE data sources available for use in future research. Because of the volume of economic activity currently funneled through PE and the unique...

... (in 40 percent of free cash flow disclosures) is operating cash flow minus gross capital expenditures. From discussions with managers, this definition is chosen largely to keep things simple, especially given the lack of time to explain subtle complexities to investors. There is evidence of both...

...Edwige Cheynel; Amir Ziv ABSTRACT Verrecchia (1983 , 1990 ) introduced the proprietary cost hypothesis in which exogenous disclosure costs are a reduced-form interpretation of lost competitive advantage in product markets. We develop a micro-foundation for this disclosure cost...

...Amir Amel-Zadeh; Alexandra Scherf; Eugene F. Soltes ABSTRACT Managers expend significant time and effort preparing disclosures about firm performance and strategy. Although prior literature has explored how variation in the style and presentation of disclosures impacts investors' perceptions...

...Frank Heflin; James R. Moon, Jr.; Dana Wallace ABSTRACT Prior research suggests a negative relation between disclosure and costs of capital, but Francis, Nanda, and Olsson (2008 ; hereafter FNO) find the relation weakens considerably or disappears after controlling for earnings quality...