Do Family Firms Provide More or Less Voluntary Disclosure?
نویسندگان
چکیده
منابع مشابه
Less is more… (more or less…).
In April 1981 Xerox introduced the Star 8010 workstation, the first commercial system with a Graphical User Interface (GUI) and the first to use the “desktop” metaphor to organize a user’s interactions with the computer. Despite the perception of huge progress, from the perspective of design and usage models, there has been precious little progress in the intervening years. In the tradition of ...
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In this paper, we present a theoretical model to explain why firms gravitate to selective disclosure. We consider a setting where a firm chooses its disclosure policy to maximize its price informativeness (i.e., how much information is impounded in the price, measured by the posterior precision of true value conditional on the price) in a market with different types of traders. Through ex-ante ...
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The notion of structural scalarity of subordinating relations is introduced and semantic and pragmatic consequences pointed out. A measure for relevance of elaborations, as a special case of subordinating relation, is suggested. Discourse structure and scalarity Theorists (Grosz & Sidner 1986; Mann & Thompson 1988; Asher & Lascarides 2003) agree that coherent discourse is representable by a con...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.999785