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March 18, 2026The Accounting Review

Interim Disclosure and Public Forecasts: An Economic Analysis and a Framework for Choice.

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Authors

NHNils H. HakanssonFerdinand-Braun-Institut

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Implication

Economic analysis explores interim information disclosure and its impact on financial markets, highlighting implications for choice.

Key Points

  • This paper aims to analyze how imperfect information affects investor behavior and the implications for firm disclosure.
  • Developed an equilibrium model of financial markets
  • Examined the search for undisclosed interim information among investors
  • Identified incentives for firm disclosure based on investor capabilities
  • Found that certain investor groups have strong incentives to search for information
  • Highlighted that voluntary disclosure by firms may not lead to socially beneficial outcomes
  • Identified a cost-benefit criterion for determining beneficial disclosure requirements

Cite This Study

Nils H. Hakansson (1977) studied this question.

synapsesocial.com/papers/69ba431a4e9516ffd37a3f6dhttps://doi.org/10.2308/tar-4498118
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Disclosure under Noisy Information Processing2026
  2. 2Innovation and Financial Disclosure2024 · 5 citations
  3. 3Mandatory Versus Voluntary Disclosures: The Cases of Financial and Real Externalities.1990 · 4 citations
  4. 4Short, Disclose, and Distort2024
  5. 5Aggregate Disclosure Incentives: The Role of Supply Market Investments2026