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| Author: | Beyer, A. (et al.) |
| Title: | The financial reporting environment: Review of the recent literature |
| Journal: | Journal of Accounting & Economics
2010 : DEC, VOL. 50:2-3 p. 296-343 |
| Index terms: | disclosure regulations financial information systems reporting capital markets |
| Freeterms: | analysts disclosures information environment |
| Language: | eng |
| Abstract: | The corporate information environment develops endogenously as a consequence of information asymmetries and agency problems between investors, entrepreneurs, and managers. The writers review current research on the three main decisions that shape the corporate information environment in capital market settings: (1) managers voluntary disclosure decisions, (2) disclosures mandated by regulators, and (3) reporting decisions by analysts. They conclude that, in recent years, research has generated several useful insights. Despite this progress, they call for researchers to consider interdependencies between the various decisions that shape the corporate information environment and suggest new and interesting issues for researchers to address. |
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