Abstract

http://ssrn.com/abstract=1782525
 
 

Citations (2)



 


 



Developing a Reputation for Reticence


Michael D. Grubb


Boston College

February 24, 2011

Journal of Economics & Management Strategy, Vol. 20, Issue 1, pp. 225-268, 2011

Abstract:     
A sender who has disclosable information with probability less than one may partially conceal bad news by choosing to withhold information and pooling with uninformed types. The success of this strategy depends on receivers' beliefs about the probability that the sender has disclosable news. In a dynamic context, informed senders try to cultivate a reputation for reticence either by concealing good news along with the bad, or by concealing some good news and disclosing some bad news. A reputation for reticence is valuable because it makes receivers less skeptical of past or future nondisclosures. The model provides insight into the choice by firms such as Google not to disclose quarterly earnings guidance to analysts, as well as Tony Blair's reticence over his son's vaccine record during the measlesmumpsrubella scare in the United Kingdom.

Number of Pages in PDF File: 44

Accepted Paper Series





Date posted: March 16, 2011  

Suggested Citation

Grubb, Michael D., Developing a Reputation for Reticence (February 24, 2011). Journal of Economics & Management Strategy, Vol. 20, Issue 1, pp. 225-268, 2011. Available at SSRN: http://ssrn.com/abstract=1782525 or http://dx.doi.org/10.1111/j.1530-9134.2010.00288.x

Contact Information

Michael D. Grubb (Contact Author)
Boston College ( email )
United States
617-552-1569 (Phone)
HOME PAGE: http://https://www2.bc.edu/michael-grubb/
Feedback to SSRN


Paper statistics
Abstract Views: 150
Downloads: 2
Citations:  2
People who downloaded this paper also downloaded:
1. SEC Comment Letters and Financial Statement Restatements
By Janice Lawrence, Gao Lei, ...

© 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 0.359 seconds