Choices and Best Practice in Corporate Risk Management Disclosure
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چکیده
* The authors gratefully acknowledge the helpful comments and guidance of Don Chew, Bob Daigler, Jayant Kale, and Isabel Tkatch, and the research assistance of Anna Agapova, Laetitia Dowd, and Tonmoy Navare. 1. See Merton H. Miller and Christopher L. Culp, “The SEC’s Costly Disclosure Rules,” Wall Street Journal, June 25, 1996, p. A14. 2. See Christine Botosan, “Evidence That Greater Disclosure Lowers the Cost of Equity Capital,” Journal of Applied Corporate Finance, Vol. 12 (2000), pp. 60-69. 3. See “Letter from Ed Breen”at:www.tyco.com/livesite/Page/Tyco/Our+Commitment/ Governance/Letter+from+Ed+Breen/??&DCRID=1977593717 BF by Ekaterina E. Emm, Seattle University, Gerald D. Gay, Georgia State University, and Chen-Miao Lin, Clark Atlanta University*
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