This study collates potential economic effects of mandated disclosure and reporting
standards for corporate social responsibility (CSR) and sustainability topics. We first outline …

The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

This course examines various conceptual and theoretical approaches to accounting,
including the implications of economics and finance on financial reporting. Focusing on …

This paper presents a first–ever empirical examination of the effectiveness of signals that
entrepreneurs use to induce (small) investors to commit financial resources in an equity …

The Theory of Industrial Organization is the first primary text to treat the new industrial
organization at the advanced-undergraduate and graduate level. Rigorously analytical and …

An informational cascade occurs when it is optimal for an individual, having observed the
actions of those ahead of him, to follow the behavior of the preceding individual without …

This article studies moral hazard with many agents. The focus is on two features that are
novel in a multiagent setting: free riding and competition. The free-rider problem implies a …

This paper shows how the existence of disclosure-related costs offers an explanation for
why a manager exercise discretion in disclsing information even though traders have …

Economics has much to do with incentives--not least, incentives to work hard, to produce
quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this …

The purpose of this paper is two-fold. First, I attempt a taxonomy of the extant accounting
literature on disclosure: that is, a categorization of the various models of disclosure in the …