Informational Feedback, Adverse Selection, and Optimal Disclosure Policy

By Pingyang Gao, Pierre Jinghong Liang. 2013

168 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/4e40df7bad8a5416ec4e34f24b866c3750b73528

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Liyan Yang
2. Itay Goldstein
3. Xavier Vives
4. Bengt R. Holmstrom
5. Alex Edmans
6. Thierry Foucault
7. Amil Dasgupta

In Finance

1. Liyan Yang
2. Itay Goldstein
3. Xavier Vives
4. Alex Edmans
5. Bengt R. Holmstrom
6. Sudarshan Jayaraman
7. Thierry Foucault
8. Amil Dasgupta

Citations in the corpus

• Good disclosure, bad disclosure (2019, methodology): “In Gao and Liang (2013) , disclosure crowds out private information production, reduces price informativeness, and so harms managers’ learning and investments.”