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| Author: | Stocken, P. Verrecchia, R. |
| Title: | Performance monitoring and financial disclosure choice |
| Journal: | Journal of Institutional and Theoretical Economics
1999 : MAR, VOL. 155:1, p. 214-232 |
| Index terms: | INSTITUTIONAL ECONOMICS THEORIES DISCLOSURE |
| Language: | eng |
| Abstract: | The authors model the relationship between an entrepreneur's monitoring of a manager's performance and the entrepreneur's choice of the firm's financial disclosure policy. The environment is characterised by incomplete contracting and the presence of informed traders. The authors show that the entrepreneur may not generally choose to provide the most informative financial reporting disclosures to shareholders. |
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