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| Tekijä: | Fischer, P. E. Verrecchia, R. E. |
| Otsikko: | Disclosure bias |
| Lehti: | Journal of Accounting & Economics
2004 : DEC, VOL. 38:1-3, p. 223-250 |
| Asiasana: | bias capital markets disclosure heuristic methods |
| Kieli: | eng |
| Tiivistelmä: | This article suggest that transparent bias in management disclosures may result from managers processing information in a heuristic, as distinct from Bayesian, fashion when they face head-to-head competition. It is predicted that transparent bias in disclosures is positively related to the extent of head-to-head competition. Moreover, it is shown that when disclosure is dicretionary, managers who exhibit viable, heuristic behaviour are less likely to disclose than managers who exhibit Bayesian behaviour. |
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