The 'Incomplete Revelation Hypothesis' and Financial Reporting

By Robert J. Bloomfield. 2002

653 citations recorded by the source corpus.

Subfields: Accounting, Finance, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/f6ce15123fc79a1e991711bfd86154e5caff6342

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Citations in the corpus

Readability of Narrative Disclosures in 10-K Reports: Does Managerial Ability Matter? (2018, neutral): “This helps managers to avoid revealing information that they do not want the investors to uncover (Bloomfield, 2002).”
How does readability influence investors' judgments? Consistency of benchmark performance matters (2015, background): “Similarly, regulators should also be concerned when managers make the overall disclosure generally readable, but strategically use difficult-to-read language in selected parts of the disclosure.”
Linguistic Obfuscation in Fraudulent Science (2016, background): “Research on financial reports has revealed that deceptive reports have higher levels of linguistic obfuscation than accurate reports (Bloomfield, 2002; Courtis, 1998; Humpherys, Moffitt, Burns, Burgoon, & Felix, 2011; Li, 2008).”
Textual Analysis of Corporate Disclosures: A Survey of the Literature (2011, background): “The study is motivated by the “management obfuscation hypothesis,” i.e., if markets react less completely to information that is less easily extracted from public disclosures, then managers have more incentive to obfuscate information when firm performance is poor [Bloomfield, 2002].”
The Evolution of 10-K Textual Disclosure: Evidence from Latent Dirichlet Allocation (2017, result): “Similar to the incomplete revelation hypothesis in Bloomfield (2002) in which statistics that are costly to extract are not fully incorporated into price, these attributes have been shown to decrease information impounded at the time of the filing and increase subsequent price drift ( Lee, 2012;…”
Customer-Base Concentration: Implications for Firm Performance and Capital Markets (2012, neutral): “Bloomfield (2002) argues that limitations in investors‟ attention span can give rise to”
The Disclosure of Non-GAAP Earnings Information in the Presence of Transitory Gains (2014, neutral): “Similarly, Bloomfield (2002) describes the “Incomplete Revelation Hypothesis” where statistics that are more costly to extract from public data are less completely revealed in market prices.”
The Effects of Reporting Complexity on Small and Large Investor Trading (2010, neutral): “Bloomfield (2008) provides an excellent review of the potential theories why managers may alter their reporting in certain settings.”
Individual investors and financial disclosure (2013, background): “Bloomfield, Libby, and Nelson (1999), in an experimental setting, find that the proposed practice of providing additional information to institutions could harm overconfident individuals unless they are aware of their”
Discretionary Disclosure Strategies in Corporate Narratives: Incremental Information or Impression Management? (2008, positive): “By employing the incomplete revelation hypothesis [Bloomfield, 2002], Bowen et al. [2005] use economics-based arguments to explain investor reactions to managerial impression management.”
Guiding Through the Fog: Financial Statement Complexity and Voluntary Disclosure (2016, neutral): “2 See for example, Bloomfield (2008) and Bushee et al.”
Spreading the Word: Price Discovery and Newswire Dissemination of Management Earnings Guidance (2016, background): “By reducing information acquisition and processing costs for investors who have limited attention and processing power, broad dissemination can result in the information being incorporated into the trading decisions of a greater number of investors (Bloomfield 2002; Hirshleifer and Teoh 2003).”
Earnings Management and Tunneling through Related Party Transactions: Evidence from Chinese Corporate Groups (2003, background): “…in the core earnings and only disclosed separately in footnotes.11 Because of reasons related to processing costs and cognitive limitations (Bloomfield 2002; Hirshleifer and Teoh 2002), it is hard for the investors to separate those abnormal transactions for manipulation purposes from…”
The Media and Mispricing: The Role of the Business Press in the Pricing of Accounting Information (2014, neutral): “visibility of the news, thereby reducing information acquisition costs for traders and leading to a more complete incorporation of the information into prices (Grossman and Stiglitz 1980; Bloomfield 2002).”
Accounting Quality, Stock Price Delay and Future Stock Returns (2013, background): “Electronic copy available at: http://ssrn.com/abstract=1416213 1”