Whether the disclosure of genetic (and non-genetic) information should be mandatory or voluntary is of concern. At present there are two opposing camps--the insurance industry argues for mandatory disclosure to avoid problems of adverse selection, and genetic interest groups argue for voluntary disclosure, fearing discrimination and public reluctance to have tests, thus missing out on any benef...

We estimate and test a model of voluntary disclosure in which a manager’s information set is uncertain (Dye 1985; Jung and Kwon 1988). In this model, a manager makes his disclosure decision to maximize the market price, but sometimes, for exogenous reasons, he cannot or is not willing to disclose. We offer a flexible framework to measure the prevalence of unobservable disclosure frictions and t...

This study examines the e ect of increased product information to consumers on rm behavior. In 1998, Los Angeles County introduced hygiene quality grade cards to be displayed in restaurant windows. This regulatory change provides exogenous variation in whether rms are subject to voluntary disclosure (of hygiene quality) without a standard-format, voluntary disclosure with a standard-format or m...

The study investigates the differences in the disclosure practices (mandatory and voluntary) for 60 Jordanian companies listed in Amman Stock Exchange (ASE), before the regulations (1996) and after (2003). The evaluation is conducted using the mandatory and voluntary indices. Furthermore, the relationship between mandatory and voluntary disclosure will be tested in order to determine the effect...

This paper extends the canonical single-period model of voluntary costly disclosure to a dynamic setting with asymmetric information over disclosure costs. I show that dynamic incentives have an ambiguous effect on firms’ disclosure decision and that the cost of disclosure no longer prevents full disclosure by all firms. My main results show that (1) there is a positive inter-temporal connectio...

This paper examines the relationship between voluntary disclosure of carbon emissions information and credit ratings, whether managerial ability affects this association. I examine a sample 7996 non-financial companies with fiscal year-end in December listed Korea Stock Exchange Market (KSE) for period 2011–2019. Using CDP reports to measure information, study that, on average, ratings can be i...