Abstract

http://ssrn.com/abstract=1106192
 
 

Citations



 


 



Intertemporal Dynamics of Corporate Voluntary Disclosures


Eti Einhorn


Tel Aviv University - Faculty of Management

Amir Ziv


Columbia Business School


Journal of Accounting Research, Vol. 46, No. 3, June 2008

Abstract:     
While empirical evidence alludes to the intertemporal nature of corporate voluntary disclosures, most of the existing theory analyzes firms' voluntary disclosure decisions within single-period settings. Introducing a repeated, multi-period, disclosure setting, we study the extent to which firms' strategic disclosure behavior in the past affects their prosperity to provide voluntary disclosures in the future. Our analysis demonstrates that by voluntarily disclosing private information firms make an implicit commitment to provide similar disclosures in the future, and therefore are less willing to voluntarily disclose information in the first place. This effect is expected to be of larger magnitude for firms: (i) with a long history of absence of voluntary disclosures and an impressive past operating performance, or (ii) that operate in a relatively stable and predictable business and information environment, or (iii) whose managers have a long time horizon and a high degree of risk aversion.

Keywords: Information asymmetry, Accounting, Financial reporting, Voluntary disclosure

JEL Classification: D82, G14, M41, M45

Accepted Paper Series





Not Available For Download

Date posted: March 19, 2008  

Suggested Citation

Einhorn, Eti and Ziv, Amir, Intertemporal Dynamics of Corporate Voluntary Disclosures. Journal of Accounting Research, Vol. 46, No. 3, June 2008. Available at SSRN: http://ssrn.com/abstract=1106192

Contact Information

Eti Einhorn (Contact Author)
Tel Aviv University - Faculty of Management ( email )
P.O. Box 39010
Ramat Aviv, Tel Aviv, 69978
Israel
Amir Ziv
Columbia Business School ( email )
3022 Broadway, 101 Uris
New York, NY 10027 10027
United States
212 854-3485 (Phone)
212 253-4095 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 501

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.250 seconds