We examine the voluntary disclosure policy of a ®rm where the manager has private information and opportunities to trade on it. The equilibrium disclosure policy ranges from full disclosure to partial disclosure to nondisclosure depending on whether the manager's pay±performance sensitivity is high, medium or low, respectively. In the partial disclosure equilibrium, good news is more likely to ...

Objectives: This study was done to explore the experiences of physicians in India about being the messengers of bad news and management of psychosocial burdens associated with such consultations. Methods: Narrative data was collected from 27 physicians working in four teaching hospitals, using a semi-structured interview schedule. Constant comparison analytic procedures were used to examine phy...

Companies must publish financial reports on time. When market information is more important and this information is used to shape more effective decision-making. Although most companies, financial reports required by the authorities at intervals determined Speak but at the same time, it can be claimed that the delay in publishing the financial reports of a company to another company, the differ...

With scarce empirical support, prior literature argues that managers tend to withhold good news and promote bad news to preserve their bargaining power against labor unions. This paper provides evidence on this rarely supported argument. Using comprehensive firm-level data in Korea where labor unions have a long tradition of making credible threats, we find that overall disclosure frequency is ...

This paper uses laboratory experiments to directly test a central prediction of disclosure theory: that strategic forces can lead those who possess private information voluntarily provide it. In simple sender-receiver game, we find senders disclose favorable information, but withhold unfavorable information. The degree which is strongly related their stated beliefs about receiver actions, and a...

Breaking bad news can be an intimidating task for any physician. The aim of this study was to record the practices of breaking bad news to the patients by Pakistani radiologists and trainees. The radiologists and trainees attending the 26th National Radiological Conference in October 2010 in Karachi, Pakistan, were surveyed. The response rate was 76%. The respondents included residents (51%), p...

breaking bad news is quite often not done in an effective manner in clinical settings due to the medical staff lacking the skills necessary for speaking to patients and their families. bad news is faced with similar reactions on the part of the news receiver in all cultures and nations. the purpose of this study was to explore the perspectives of iranian nurses on breaking bad news to patients ...