Thematized selective disclosure

Critical Perspectives on Accounting

Volumn 16, Issue 3, 2005, Pages 299-326

  Shapiro, Brian ^a  

^a UNIVERSITY OF MINNESOTA   (United States)

Author keywords

Regulation Fair Disclosure; Securities and Exchange Act; Thematization

Indexed keywords

EID: 12144252463     PISSN: 10452354     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1045-2354(03)00020-0     Document Type: Article

References (80)

1. Association for investment management and research. Re: Proposed regulation FD regarding selective disclosure. File No. S7-31-99. Washington, DC: U.S. Securities and Exchange Commission 2000
2. Arnold P. Oakes L. Accounting as discursive construction: The relationship between statement of financial accounting standards no. 106 and the dismantling of retiree health benefits Acc. Organ. Society 23 2 1998 129-153
3. Beaver WH. Financial reporting: An accounting revolution. Englewood Cliffs, NJ: Prentice-Hall, Inc.; 1981
4. Berle A.A. Jr. Publicity of accounts and directors' purchases of stock Mich. Law Rev. 25 1927 827-838
5. Bernstein L. In defense of fundamental investment analysis. Finan Analysts J 1975 57-61
6. Bowen R.M. Davis A.K. Matsumoto D.A. Do conference calls affect analysts' forecasts? The Acc. Rev. 77 2 2002 285-316
7. Brandeis LD. Other people's money and how the bankers use it. Washington National Home Library Foundation; 1933
8. Brooks R. Speak no evil? Analyst turns silent on bank. The Wall Street J 1999 C1
9. Brudney V. Insiders, outsiders, and informational advantages under the federal securities laws Harvard Law Rev. 93 1979 322-376
10. Burawoy M. Manufacturing consent: Changes in the labor process under monopoly capitalism. Chicago: University of Chicago Press; 1979
11. Carroll M. Luz H. Schack J. Speaking of research Inst. Investor 35 10 2001 106-109
12. Chiarella v. United States, 445 U.S. 222; 1980
13. Chouliaraki L Fairclough N. Discourse in late modernity: Rethinking critical discourse analysis. Edinburgh: Edinburgh University Press; 1999
14. Cole BM. The pied pipers of Wall Street: How analysts sell you down the river. Princeton, NJ: Bloomberg Press; 2001
15. Dirks v. Securities and Exchange Commission, 463 U.S. 646; 1983
16. Douglas. Protecting the investor. Yale Law Rev 1934 523-524
17. Dyckman TR Morse D. Efficient capital markets and accounting: a critical analysis. 2nd ed. Englewood Cliffs, NJ: Prentice-Hall, Inc.; 1986
18. Eagleton T. Ideology. New York, NY: Verso; 1991
19. Easterwood J.C. Nutt S.R. Inefficiency in analysts' earnings forecasts: Systematic misreaction or systematic optimism? J. Finance 54 5 1999 1777-1797
20. Fairclough N. Critical discourse analysis: The critical study of language. New York: Addison Wesley Longman Inc.; 1995
21. Fama E.F. Efficient capital markets II J. Finance 46 5 1991 1575-1617
22. Fischel D.R. Insider trading and investment analysts: An economic analysis of Dirks v. Securities and Exchange Commission Hofstra Law Rev. 13 1984 127-146
23. Francis J. Philbrick D. Analysts' decisions as a product of a multi-task environment J. Acc. Res. 31 2 1993 216-230
24. Frankfurter G. McGoun E. Ideology and the theory of financial economics J. Econ. Behav. Organ. 39 1999 159-177
25. Fried BH. The progressive assault on laissez-faire: Robert Hale and the first law and economics movement. Cambridge, MA: Harvard University Press; 1998
26. Friedman M. Capitalism and freedom. Chicago, IL: University of Chicago Press; 1982/1962
27. Gibson R. Analyst takes heat for "sell" rating on Archer-Daniels. The Wall Street J 1995 C1
28. Gramsci A. Selections from the prison notebooks. New York, NY: International Publishers; 1999
29. Grossman S.J. Stiglitz J.E. On the impossibility of informationally efficient markets Amer. Econ. Rev. 70 1980 393-408
30. Hassett KA. Outlaw selective disclosure? No, the more information the better. The Wall Street J 2000 A18
31. Hayes R. The impact of trading commission incentives on analysts' stock coverage decisions and earnings forecasts J. Acc. Res. 36 2 1998 299-320
32. Heflin F. Subramanyam K.R. Zhang Y. Regulation FD and the financial information environment: Early evidence The Acc. Rev. 78 1 2003 1-37
33. Held D. Introduction to critical theory. Los Angeles, CA: University of California Press; 1980
34. Horkheimer M. Eclipse of reason. New York, NY: Continuum Publishing Company; 1947/1974
35. Horkheimer M. Critical theory. New York, NY: Continuum Publishing Company; 1972/1999.
36. Kaswell SJ. Re: Proposed Regulation FD (File No. S7-31-99). Washington, DC: U.S. Securities and Exchange Commission; 2000
37. Keller S Groskaufmanis KA Gutman RE. Selective disclosure (File No. S7-31-99). Washington, DC: U.S. Securities and Exchange Commission; 8 May 2000
38. Lee IB. Fairness and insider trading. Columbia Bus Law Rev 2002 119-192
39. Lin H McNichols M. Underwriting relationships and analysts' research reports. Working paper, Stanford University, April 1997
40. Lyotard J-F. The postmodern condition: A report on knowledge. Minneapolis, MN: University of Minnesota Press; 1984
41. Manne HG. Insider trading and the stock market; 1966
42. Manne H.G. Insider trading and the law professors Vanderbilt Law Rev. 23 1970 529-581
43. Mannheim K. Ideology and utopia. New York: Harcourt, Inc.; 1936
44. Marcuse H. One-dimensional man. Boston, MA: Beacon Press; 1964/1991.
45. McNichols M. O'Brien P. Self-selection and analyst coverage J. Acc. Res. 35 Suppl. 1997 167-199
46. Merino B.D. Mayper A.G. Securities legislation and the accounting profession in the 1930s: The rhetoric and reality of the American dream Critic. Perspect. Acc. 12 2001 501-525
47. Merino B.D. Neimark M.D. Disclosure regulation and public policy J. Acc. Public Pol. 1 1982, Fall 33-57
48. Michaely R. Womack K.L. Conflict of interest and the credibility of underwriter analyst recommendations The Rev. Finan. Stud. 12 4 1999 653-686
49. Mumby DK Clair RP. Organizational discourse. In: Van Dijk TA, editor. Discourse as social interaction. Thousand Oaks, CA: Sage Publications Inc.; 1997. p. 181-205
50. Neiderhoffer V. Osborne M.F.M. Market making and reversal on the stock exchange J. Amer. Statistical Assoc. 61 1966 897-916
51. North DC. Institutions, institutional change and economic performance. New York, NY: Cambridge University Press; 1990.
52. Paine T. Collected writings. New York, NY: Library of America; 1995
53. Pratt T. Wall Street's four-letter word. Investment dealers' digest; 1993. p. 18-22
54. Rawls J. A theory of justice. Cambridge, MA: Harvard University Press; 1971
55. Reiter S.A. Economic imperialism and the crisis in financial accounting research Critic. Perspect. Acc. 9 1998 143-171
56. Ripley WZ. Main street and Wall Street. Boston, MA: Little, Brown & Co.; 1927
57. Ryan S. Speak no evil? Analyst turns silent on bank. The Wall Street J 1999 C1
58. Schipper K. Analysts' forecasts Acc. Horizons 5 4 1991 105-121
59. Scholes M. The market for securities: Substitution versus price pressure and the effects of information on share prices J. Bus. 45 1972 179-211
60. Schulte S. Comments of Stephen Schulte, New York City Bar Association, on Regulation FD, File No. S7-31-99. Washington, DC: U.S. Securities and Exchange Commission; 2000
61. Shane P Soderstrom N Yoon S. Earnings and price discovery in the post-Reg. FD information environment: A preliminary analysis. Working Paper, University of Colorado, Boulder; 2001.
62. Shapiro B. Toward a normative model of rational argumentation for critical accounting discussions Acc. Organ. Society 23 1998 641-663
63. Shapiro B. Objectivity, relativism, and truth in external financial reporting: What's really at stake in the disputes? Acc. Organ. Society 22 1997 165-185
64. Shapiro B. Beyond accountability: A social critique of accounting institutions. Working paper, University of Minnesota; 2002
65. Starkey R. Practice under the Securities Act of 1933, and the Securities Exchange Act of 1934 - an accountant's view. J Accountancy 1934 431-444
66. SEC v. Stevens, SEC Litigation Release No. 12813. Washington, DC: U.S. Securities and Exchange Commission; 1991
67. U.S. Securities and Exchange Commission, "Selective disclosure and insider trading. (Reg. FD)," Washington, DC: U.S. Securities and Exchange Commission; 2000
68. U.S. Securities and Exchange Commission, In the Matter of Secure Computing Corporation and John McNulty, Release No. 34-46895. Washington, DC: U.S. Securities and Exchange Commission; 2002a
69. U.S. Securities and Exchange Commission, In the Matter of Siebel Systems, Inc., Release No. 34-46896. Washington, DC: U.S. Securities and Exchange Commission; 2002b
70. U.S. Securities and Exchange Commission, In the matter of Raytheon Company and Franklyn A. Caine, Release No. 34-46897. Washington, DC: U.S. Securities and Exchange Commission; 2002c
71. U.S. Securities and Exchange Commission, Report of Investigation in the Matter of Motorola, Inc., Release No. 34-46898. Washington, DC: U.S. Securities and Exchange Commission; 2002d
72. Sullivan, Cromwell. Comments Re: Selective Disclosure and Insider Trading, File No. S7-31-99. Washington, DC: U.S. Securities and Exchange Commission; 2000.
73. The Los Angeles Times, SEC may bar selective disclosures by firms; Securities and Exchange Commission reviewing rule governing early release of news to analysts, bolstering call to voluntarily end the practice. The Los Angeles Times 1999 1
74. Tinker A.M. Panglossian accounting theories: The science of apologizing in style Acc. Organ. Society 13 2 1988 165-189
75. Tinker A.M. Merino N.D. Neimark M.D. The normative origins of positive theories: Ideology and accounting thought Acc. Organ. Society 7 1982 167-200
76. Unger LS. Special study: Regulation fair disclosure revisited. Washington, DC: U.S. Securities and Exchange Commission; 2001
77. United States v. O'Hagen. 521 U.S. 542; 1997
78. Vinzant C. Wall street group issues analysts' code; securities industry guidelines adopted 2 days before Hill Hearings on issue. The Washington Post 2001 E1
79. The Wheat Report. Disclosure to investors: A reappraisal of administrative policies under the '33 and '34 Securities Acts. New York, NY: Brown & Co.; 1969
80. Wilgus H.L. Purchase of shares of corporation by a director from a shareholder Mich. Law Rev. 8 1910 267-297