Evidence Acquisition and Voluntary Disclosure

This study develops and tests a simple model of voluntary disclosure in which managers can choose to withhold (i.e., redact) certain elements from mandatory disclosure. We consider a setting in which mandatory disclosure is a disaggregated disclosure (...

We explore a manager’s incentives to disclose the precision of a signal about firm profitability. Voluntary disclosure of precision information encourages traders to acquire private information, increasing price informativeness and improving the firm’s ...

• The retailer hides high demand information but discloses low demand information.

While previous studies of non-instantaneous deteriorating items overlook the information acquisition and disclosure, this paper considers information acquisition and disclosure strategies in a supply chain, and models a piecewise ...