Logo Logo

Industry-Wide Disclosure Dynamics, Journal of Accounting Research

Abstract

The article discusses the effects of a firm's voluntary disclosures on other firms. When Citibank reported the level of default on its Third World loans other banks followed with similar announcements. Following the write-off of Chambers Development for their waste disposal arrangements other waste management firms did the same. These disclosures were attempts to influence the financial market's assessment of the value of the firms rather than the product market behavior by management. Also, the disclosure dynamics of a firm's selection of a disclosure policy is related to its expected price.

Type

Article

Author(s)

Ronald A. Dye, Swaminathan Sridharan

Date Published

1995

Citations

Dye, A. Ronald, and Swaminathan Sridharan. 1995. Industry-Wide Disclosure Dynamics. Journal of Accounting Research. 33(1): 157-174.

KELLOGG INSIGHT

Explore leading research and ideas

Find articles, podcast episodes, and videos that spark ideas in lifelong learners, and inspire those looking to advance in their careers.
learn more

COURSE CATALOG

Review Courses & Schedules

Access information about specific courses and their schedules by viewing the interactive course scheduler tool.
LEARN MORE

DEGREE PROGRAMS

Discover the path to your goals

Whether you choose our Full-Time, Part-Time or Executive MBA program, you’ll enjoy the same unparalleled education, exceptional faculty and distinctive culture.
learn more