Incentives for voluntary disclosure

Arlen, 1992, Vicarious liability for fraud on securities markets: theory and evidence, University of Illinois Law Review, 3, 691 Basic Inc. v. Levinson, 1988. 485 U5224, 239 end.17 1988. Bauman, 1979, Rule l0b-5 and the corporation's affirmative duty to disclose, The Georgetown Law Journal, 67, 935 Bhattacharya, 1999, To believe or not to believe, Journal of Financial Markets, 2, 69, 10.1016/S1386-4181(98)00006-8 Diamond, 1985, Optimal release of information by firms, Journal of Finance, 40, 1071, 10.2307/2328395 Diamond, 1991, Disclosure, liquidity, and the cost of capital, Journal of Finance, 46, 1325, 10.2307/2328861 Fishman, 1989, Disclosure Decisions by firms and the competition for price efficiency, Journal of Finance, 44, 633, 10.2307/2328774 Francis, J., Philbrick, D., Schipper, K., 1994. Earnings surprises and litigation risk. Working paper, University of Chicago and Portland State University. Fudenberg, 1991 Grossman, 1981, The information role of warranties and private disclosure about product quality, Journal of Law and Economics, 24, 461, 10.1086/466995 Hart, 1995, Corporate governance: some theory and implications, The Economic Journal, 105, 678, 10.2307/2235027 Holmstrom, 1979, Moral hazard and observability, Bell Journal of Economics, 10, 74, 10.2307/3003320 Kim, 1993, Disagreement among Shareholders over a firm's disclosure policies, Journal of Finance, 48, 747, 10.2307/2328922 Milgrom, 1986, Relying on information of interested parties, The Rand Journal of Economics, 17, 18, 10.2307/2555625 Osborne, 1994 Schwartz, 1997, Legal regimes, audit quality and investment, The Accounting Review, 72, 385 Skinner, 1994, Why firms voluntarily disclose bad news, Journal of Accounting Research, 32, 38, 10.2307/2491386 Simmonds, 1992, Dealing with anomalies, confusion and contradiction in fraud on the market securities class actions, Kentucky Law Journal, 81, 123 Shin, 1994, News management and value of firms, The Rand Journal of Economics, 25, 171, 10.2307/2555853