haku: @author Pae, S. / yhteensä: 3
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| Tekijä: | Hughes, J.S. Pae, S. |
| Otsikko: | Voluntary disclosure of precision information |
| Lehti: | Journal of Accounting & Economics
2004 : JUN, VOL. 37:2, p. 261-289 |
| Asiasana: | Entrepreneurship Small business Disclosure Information Efficiency Models |
| Kieli: | eng |
| Tiivistelmä: | This paper presents a model of an entrepreneur's acquisition and voluntary disclosure (hereafter as: disc.) of precision information as a supplement to primary disc. of an estimate of a tradable asset's value. The analysis shows that equilibrium disc. can be characterized by four regions. For estimates above (below) the prior expectation of the asset value, the entrepreneur discloses only high (low) precision information. The main idea is to enhance (diminish) confidence in estimates that improve upon (detract from) prior beliefs. |
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