We study a dynamic voluntary disclosure setting where the manager’s information and firm’s value evolve over time. The manager is not limited in her opportunities, but costly. results show that discloses even if this leads to price decrease current period. absorbs drop order increase option of withholding future. That is, by disclosing today, can improve continuation value. provide number novel...

The theory of voluntary disclosure information posits that market forces lead firms (senders) to disclose through a process unravelling. This prediction requires consumers (receivers) hold correct beliefs and, in equilibrium, make adverse inferences about non-disclosed information. Previous research finds receivers are naïve and do not sufficiently infer non-disclosure as bad news, leading the ...

Communicating disappointing or unexpected neurological news to parents is often both difficult and emotionally unwelcome. At the same time, it is important that transfer of such information is done well and, indeed, if done well, can be a very rewarding experience. Limited references are available for physicians regarding the proper communication of neurological bad news to parents. This paper ...

The development of the internet has drastically changed the newspaper industry, and the way people read news stories [3]. Newspapers are shifting from print to online version, with some unexpected results [1, 2, 6]. Good news for the newspaper industry? The proliferation of news aggregators such as Google News1 is blamed for killing the “old media”. With these aggregators, people visit a newspa...