Nondisclosure and Adverse Disclosure as Signals of Firm Value

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

Signaling Games and Stable Equilibria

1987 • 3,289 citations

Good News and Bad News: Representation Theorems and Applications

1981 • 3,218 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Discretionary disclosure

1983 • 3,088 citations

The Informational Role of Warranties and Private Disclosure about Product Quality

1981 • 2,457 citations

Disclosure of Nonproprietary Information

1985 • 1,803 citations

Signalling by underpricing in the IPO market

1989 • 1,463 citations

Information quality and the valuation of new issues

1986 • 1,229 citations

Optimal Release of Information By Firms

1985 • 1,079 citations

Equilibrium Selection in Signaling Games

1987 • 940 citations

Financial disclosure policy in an entry game

1990 • 856 citations

Voluntary disclosure with a strategic opponent

1990 • 770 citations

Dividend Policy under Asymmetric Information

1985 • 747 citations

Innovation and Communication: Signalling with Partial Disclosure

1983 • 734 citations

Managerial Incentives and Capital Management

1986 • 716 citations

Corporate Managers' Earnings Forecasts and Symmetrical Adjustments of Market Expectations

1984 • 646 citations

Intra-industry information transfers associated with earnings releases

1981 • 601 citations

Truthful Disclosure of Information

1982 • 543 citations

Voluntary Forecast Disclosure, Nondisclosure, and Stock Prices

1990 • 513 citations

Disclosure Decisions by Firms and the Competition for Price Efficiency

1989 • 432 citations

Perfect sequential equilibrium

1986 • 396 citations

Additional Evidence on the Information Content of Management Earnings Forecasts

1984 • 384 citations

The Relative Information Content of Accruals and Cash Flows: Combined Evidence at the Earnings Announcement and Annual Report Release Date

1986 • 332 citations

Signalling by direct disclosure under asymmetric information

1986 • 297 citations

THE RELATION BETWEEN STOCK RETURNS AND ACCOUNTING EARNINGS GIVEN ALTERNATIVE INFONNATION

1990 • 296 citations

Capital Structure and Dividend Irrelevance with Asymmetric Information

1991 • 267 citations

Voluntary financial disclosure in an entry game with continua of types*

1992 • 214 citations

Endogenous proprietary costs through firm interdependence

1990 • 190 citations

Optimal Release of Information By Firms

1985 • 166 citations

The Optimal Amount of Discretion to Allow in Disclosure

1990 • 163 citations

Evidence of Informational Asymmetries from Management Earnings Forecasts and Stock Returns

2016 • 146 citations

Intra-industry information releases

1987 • 144 citations

Nondisclosure and Adverse Disclosure as Signals of Firm Value

1991 • 141 citations

Shareholder-Value Maximization and Product-Market Competition

1990 • 89 citations

Disclosure Decisions by Firms and the Competition for Price Efficiency

1989 • 62 citations

Latent Assets

1990 • 48 citations

A Comparative Analysis of Forecast Disclosing and Non-Disclosing Firms

1980 • 10 citations

Non-disclosure and Adverse Disclosure as Signals of Firm Value

1990 • 1 citations