Objective: to elaborate the conceptual theoretical-legal provisions and scientific
recommendations for the substantiating the inefficiency of mandated disclosure. Methods …

This study examines the effect of an increase in product quality information to consumers on
firms' choices of product quality. In 1998 Los Angeles County introduced hygiene quality …

This is a critique of “Essays on Disclosure” and the literature reviewed in “Essays”. The
critique evaluates “Essays” in terms of its coverage of the relevant literature, its …

We analyze a model of voluntary disclosure by firms and the desirability of disclosure
regulation. In our model disclosure is costly, it has private and social value, and its precision …

The Asian financial crisis in the late 1990s not only highlighted the welfare consequences of
transparency in the financial sector but also linked this relatively narrow problem to the …

This paper studies the “confidential holdings” of institutional investors, especially hedge
funds, where the quarter‐end equity holdings are disclosed with a delay through …

We examine the impact of mandatory portfolio disclosure by mutual funds on stock liquidity
and fund performance. We develop a model of informed trading with disclosure and test its …

The economic role of an accounting regime is to increase welfare through its effects—in
conjunction with complementary institutions—on firm and household behavior. I review three …

This study reviews the theoretical and empirical research on disclosure and explores the
problem of public disclosure in banking. The results of the study indicate that mandated …

This paper develops a model of the causes and consequences of misreporting of corporate
performance. Misreporting in our model covers all actions, whether legal or illegal, that …