M disclose quality information directly to potential consumers using a variety of communication channels. This study investigates how competition may influence duopoly firms’ incentive to voluntarily reveal quality information. We show that firms in competitive markets reveal less information than a monopoly firm. In addition, sequential disclosure leads to asymmetric equilibrium disclosure beh...

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 ...

According to the disclosure motivation, information disclosure of listed companies can be divided into mandatory and voluntary information disclosure. The mandatory information disclosure can no longer meet the information demand of investors, while voluntary information disclosure is getting more recognition. This paper introduces the relevant literature of voluntary information disclosure, an...

CONTEXT Public disclosure of quality data on health maintenance organizations (HMOs) might improve public accountability, inform consumer decision making, and promote quality improvement. But, because disclosure is voluntary, some HMOs could subvert these objectives by refusing to release unfavorable data. OBJECTIVE To determine the association between HMO quality of care and withdrawal from ...

We hypothesize that this variation in the extent and nature of financial data disseminated through corporate Web sites is associated with the factors that influence the initial disclosure of financial information. We consider information items that contain required disclosures separately from those that contain mainly voluntary disclosures, since most previous work that identifies factors affec...

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...

Contrary to conventional wisdom that sharing negative information hurts, many sellers voluntarily disclose weaknesses of their products in markets where information asymmetry is high. This paper provides an explanation on this type of seller’s honesty by developing a framework where sellers with low-quality products can benefit from a disclosure of negative information. We consider a lemon-mark...