The Role of the Manager?s Human Capital in Discretionary Disclosure
University of Michigan - Stephen M. Ross School of Business
Journal of Accounting Research, Supplement, 1999
Prior studies have characterized Verrecchias (1983) discretionary disclosure costs mainly in terms of competitive concerns. This study shows that separating the managers and the shareholders into two separate, self-interested beings also leads to disclosure costs, precluding discretionary disclosure in certain cases.
JEL Classification: G31, G32, G34, M41, M45, J33Accepted Paper Series
Date posted: February 2, 2000
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