scholarly journals On Declassification and the Non-Disclosure Policy

2005 ◽  
Author(s):  
A.A. Matos ◽  
G. Boudol
Keyword(s):  
Disclosure Policy

scholarly journals Can Mandatory Disclosure Policies Promote Corporate Environmental Responsibility?—Quasi-Natural Experimental Research on China

2021 ◽  
Vol 18 (11) ◽  
pp. 6033
Author(s):  
Yue Liu ◽  
Pierre Failler ◽  
Liming Chen
Keyword(s):  
Property Rights ◽  
Large Scale ◽  
Environmental Responsibility ◽  
Mandatory Disclosure ◽  
Corporate Environmental Responsibility ◽  
Disclosure Policy ◽  
Protection Information ◽  
The Difference ◽  
Csr Disclosure ◽  
Corporate Social

Corporate environmental responsibility (CER) is an important component of the corporate social responsibility (CSR) report, and an important carrier for enterprises to disclose environmental protection information. Based on the corporate micro data, this paper evaluates the effect of a mandatory CSR disclosure policy on the fulfillment of corporate environmental responsibility by adopting the difference-in-differences model (DID) with the release of a mandatory disclosure policy of China in 2008 as a quasi-natural experiment. The study draws the following conclusions: First, a mandatory CSR disclosure policy can promote the fulfillment of CER. Second, after the implementation of a mandatory CSR disclosure policy, enterprises can improve their CER level through two channels: improving the quality of environmental management disclosure and increasing the number of patents. Third, the heterogeneity of the impacts of mandatory CSR disclosure on CER is reflected in three aspects: different CER levels, different corporate scales and a different property rights structure. In terms of the CER level, there is an inverted U-shaped relationship between the CER level and mandatory CSR disclosure effect. In terms of the corporate scale, mandatory disclosure of CSR plays a greater role in large-scale enterprises. In terms of the structure of property rights, mandatory CSR disclosure has a greater effect on non-state-owned enterprises.

The Role of Capital Market Settings in Disclosure Policy

2012 ◽  
Vol 26 (2) ◽  
pp. 385-387 ◽  
Author(s):  
Robert E. Verrecchia
Keyword(s):  
Capital Market ◽  
Disclosure Policy

Information Externalities of SFAS 161: Evidence from Supply Chains

2020 ◽  
Author(s):  
Jing Chen ◽  
Yiwei Dou ◽  
Youli Zou
Keyword(s):  
Supply Chains ◽  
Voluntary Disclosure ◽  
Information Environment ◽  
Short Term ◽  
Positive Information ◽  
Stock Liquidity ◽  
Disclosure Policy ◽  
One Year

Effective in 2009, SFAS 161 requires enhanced disclosures about derivative use and hedging activities. We test for changes to the information environment of firms whose disclosure policy is unaffected by this standard directly. Using a sample of non-users of derivatives, we find an increase in stock liquidity after their critical customers expand derivative disclosures under SFAS 161. The effect persists for one year and becomes insignificant in subsequent years as the firms dial back their voluntary disclosure. The effect is also more salient for firms that have stronger economic links with their customers and for firms whose customers exhibit more significant improvements in derivative disclosures. The findings suggest that the mandatory derivative disclosures due to SFAS 161 lead to short-term positive information externalities along supply chains.

scholarly journals PNS170 CONFLICT OF INTEREST DISCLOSURE POLICY VARIATION IN HEALTH ECONOMICS AND OUTCOMES RESEARCH JOURNALS

2020 ◽  
Vol 23 ◽  
pp. S314-S315
Author(s):  
S.H. Kwon ◽  
R.B. McQueen ◽  
M. Whittington ◽  
M.K. Wynia ◽  
J. Campbell
Keyword(s):  
Health Economics ◽  
Conflict Of Interest ◽  
Outcomes Research ◽  
Disclosure Policy ◽  
Policy Variation

scholarly journals Board Interlocks and the Diffusion of Disclosure Policy

2013 ◽  
Author(s):  
Ye Cai ◽  
Dan S. Dhaliwal ◽  
Yongtae Kim ◽  
Carrie H. Pan
Keyword(s):  
Disclosure Policy ◽  
Board Interlocks

Abstract: An Empirical Assessment of Lessee Disclosure Policy

1977 ◽  
Vol 12 (4) ◽  
pp. 655-655
Author(s):  
John S. Hughes ◽  
George S. Oldfield
Keyword(s):  
Empirical Analysis ◽  
Balance Sheet ◽  
Market Value ◽  
Common Stock ◽  
Security Prices ◽  
Risk Class ◽  
Disclosure Policy ◽  
Empirical Assessment ◽  
Valuation Model ◽  
The Empirical Analysis

The purpose of this paper is to provide evidence concerning investor reactions to off-balance sheet disclosures of concancellable leases as reflected in security prices. A valuation model is defined based upon the work of Modigliani and Miller which expresses the market value of the firm's common stock as a function of lease indebtedness. Data for the empirical analysis are obtained from Compustat and SEC form 10 K's. Crosssectional regressions are run by risk class on samples of 620 firms reporting rent expense, 432 firms disclosing lease commitments, and 139 firms reporting present values of so-called “financing” leases.

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