Disclosure Quality and the Excess Value of Diversification

By Daniel A. Bens, S. Monahan. 2002

182 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/48a06fb6dd126d04cbf581076f1ed6224a085ffb

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Citations in the corpus

Accounting Conservatism and Firm Investment Efficiency (2016, unknown): “Z-Score is a measure of bankruptcy risk defined in Biddle and Hilary (2006) and is based on the methodology of Altman (1968).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, unknown): “…still in its early stages, but there are a number of studies suggesting that better reporting is associated with higher investment efficiency (e.g., Bens and Monahan, 2004; Biddle and Hilary, 2006; Bushman et al., 2006; Biddle et al., 2009, Badertscher et al., 2013, Cheng et al., 2013; Goodman et…”
How Does Financial Reporting Quality Relate to Investment Efficiency (2009, result): “Our findings contribute to a growing body of literature that studies relations between financial reporting quality and investment (e.g., Bens and Monahan, 2004; Biddle and Hilary, 2006; Bushman et al., 2006; Beatty et al., 2008; Francis and Martin, 2008; Hope and Thomas, 2008; McNichols and…”
Financial Reporting Quality and Investment Efficiency (2006, unknown): “1 For example, Bens and Monahan (2004) find a positive association between AIMR disclosure ratings and the excess value of diversification as defined by Berger and Ofek (1995). They conclude that disclosure plays a monitoring role in mitigating management’s investment decisions.”
Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors (2009, result): “…on the effects of reporting quality on corporate decisions is still in its early stages, but there are a number of studies suggesting that better reporting leads to higher investment efficiency (e.g., Bens and Monahan, 2004; Biddle and Hilary, 2006; Bushman et al., 2006; Biddle et al., 2008).”
Discretionary Disclosure in Financial Reporting: An Examination Comparing Internal Firm Data to Externally Reported Segment Data (2011, background): “…an increased diversification discount, implying that managers concealed information about agency problems under SFAS 14.4 The same implication arises from Bens and Monahan (2004), who find that greater voluntary segment disaggregation is associated with a smaller diversification discount.”
Segment Profitability and the Proprietary and Agency Costs of Disclosure (2007, background): “Consistent with this conjecture, Bens and Monahan (2004) find that within a 17-year U.S. panel, firms with more disclosure experience smaller diversification discounts.”
Does investment efficiency improve after the disclosure of material weaknesses in internal control over financial reporting (2013, background): “First, we contribute to the emerging literature on the relation between the quality of financial reporting and investment efficiency (Bens and Monahan, 2004; Biddle and Hilary, 2006; McNichols and Stubben, 2008; Biddle et al., 2009; Francis and Martin, 2010; Bushman et al., 2011).”
Managerial Empire Building and Firm Disclosure (2008, background): “LOB (reported number of line of business segments) controls for industry diversification across firms, which may affect overall firm growth and profitability (Bens and Monahan 2004).”