haku: @author Verrecchia, R. E. / yhteensä: 21
viite: 2 / 21
| Tekijä: | Verrecchia, R. E. |
| Otsikko: | Essays on disclosure |
| Lehti: | Journal of Accounting & Economics
2001 : DEC, VOL. 32:1-3, p. 97-180 |
| Asiasana: | Disclosure Accounting Management literature |
| Kieli: | eng |
| Tiivistelmä: | The purpose of this paper is two-fold. First, the author attempts a taxonomy of the extant accounting literature on disclosure: that is, a categorization of the various models of disclosure in the literature into well-integrated topics. With regard to the taxonomy, the author suggests three broad categories of disclosure research in accountig. The first category, which the author dubs "association-based disclosure", is work that studies the effect of exogenous primarily through the behavior of asset equilibrium prices and trading volume. The second category, which the author dubs discretionary-based disclosure", is work that examines how managers and/or firms exercise how managers and/or firms exercise discretion with regard to the disclosure of informtion about which they may have knowledge. The third category, which the author dubs "efficiency-based disclosure", is work that discusses which disclosure arrangements are preferred in the absence of prior knowledge of the information, that is, preferred unconditionally. Then, in final section, the author recommends information asymmetry reduction as one potential staerting point of a comprehensive theory of disclosure. |
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