Voluntary disclosure in a multi-audience setting: An empirical investigation

Accounting Review

Volumn 79, Issue 4, 2004, Pages 921-947

  Bhojraj, Sanjeev ^a   Blacconiere, Walter G ^b   D'Souza, Julia D ^a  

^a Department of Obstetrics Gynecology   (United States)

^b INDIANA UNIVERSITY   (United States)

Author keywords

Deregulation; Disclosure incentives; Electric utilities; Voluntary disclosure

Indexed keywords

EID: 8744240562     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: 10.2308/accr.2004.79.4.921     Document Type: Review

References (35)

1. Ajinkya, B., S. Bhojraj, and P. Sengupta. 2003. The governance effect of institutional investors and outside directors on properties of management earnings forecasts. Working paper, University of Florida, Cornell University, and University of Maryland.
2. Bens, D. 2002. The determinants of the amount of information disclosed about corporate restructurings. Journal of Accounting Research 40: 1-20.
3. Berger, P., and R. Hann. 2003. Segment profitability and proprietary costs of disclosure. Working paper, University of Chicago and University of Southern California.
4. Blacconiere, W., M. Johnson, and M. Johnson. 1997. Stranded costs and competitive forces in the electric utility industry. Journal of Accounting, Auditing, and Finance 12 (New Series): 199-219.
5. -, -, and -. 2000. Market valuation and deregulation of electric utilities. Journal of Accounting and Economics 29: 231-260.
6. Botosan, C. 1997. Disclosure level and the cost of equity capital. The Accounting Review 72: 323-349.
7. Brennan, T., K. Palmer, R. Kopp, A. Krupnick, V. Stagliano, and D. Burtraw. 1996. A Shock to the System: Restructuring America's Electricity Industry. Washington, D.C.: Resources for the Future.
8. Bushee, B. J., and C. F. Noe. 2000. Corporate disclosure practices, institutional investors, and stock return volatility. Journal of Accounting Research 38: 171-202.
9. Cohen, J. 1960. A coefficient of agreement for nominal scales. Education and Psychology Bulletin 70: 37-46.
10. Conference Board. 2001. The Global Investor and Corporate Governance: What Do Institutional Investors Want? New York, NY: Conference Board.
11. Coopers & Lybrand. 1997. Anticipating questions at shareholders' meetings. New York, NY: Coopers and Lybrand L.L.P.
12. Darrough, M., and N. Stoughton. 1990. Financial disclosure policy in an entry game. Journal of Accounting and Economics 12 (1-3): 219-243.
13. DeAngelo, H., L. DeAngelo, and D. Skinner. 1994. Accounting choices in troubled companies. Journal of Accounting and Economics 17 (1-2): 113-143.
14. Deloitte & Touche, LLP. 1996. Federal, State and Local Tax Implications of Electric Utility Industry Restructuring: An Analysis for the National Council on Competition and the Electric Industry. Dallas, TX: Deloitte & Touche, LLP.
15. Dontoh, A. 1989. Voluntary disclosure. Journal of Accounting, Auditing and Finance 4: 480-511.
16. D'Souza, J. 1998. Rate regulated enterprises and mandated accounting changes: The case of the electric utilities and postretirement benefits other than pensions. The Accounting Review 73: 387-410.
17. -. 2000. The stock price impact of mandated accounting changes on rate-regulated firms. Review of Accounting Studies 5: 235-257.
18. -, and J. Jacob. 2001. Electric utility stranded costs: Valuation and disclosure issues. Journal of Accounting Research 39: 495-512.
19. Financial Accounting Standards Board (FASB). 1990. Employers' Accounting for Post-Retirement Benefits Other than Pensions. Statement of Financial Accounting Standards No. 106. Stamford, CT: FASB.
20. Frankel, R., M. McNichols, and G. P. Wilson. 1995. Discretionary disclosure and external financing. The Accounting Review 70 (1): 135.
21. Gertner, R., R. Gibbons, and D. Scharfstein. 1988. Simultaneous signaling to the capital and product markets. RAND Journal of Economics 19: 173-190.
22. Harris, M. 1998. The association between competition and managers' business segment reporting decisions. Journal of Accounting Research 36: 111-128.
23. Healy, P. M., A. P. Hutton, and K. G. Palepu. 1999. Stock performance and intermediation changes surrounding sustained increases in disclosure. Contemporary Accounting Research 16 (3): 485.
24. -, and K. Palepu. 2001. Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature. Journal of Accounting and Economics 31: 405-440.
25. Jones, J. 1991. Earnings management during import relief investigations. Journal of Accounting Research 29 (2): 193-228.
26. Lang, M., and R. Lundholm. 1993. Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research 31 (2): 246-271.
27. -, and -. 1996. Corporate disclosure policy and analyst behavior. The Accounting Review 71: 467-492.
28. Loudder, M., I. Khurana, and J. Boatsman. 1996. Market valuation of regulatory assets in public utility firms. The Accounting Review 71: 357-373.
29. Newman, P., and R. Sansing. 1993. Disclosure policies with multiple users. Journal of Accounting Research 31: 92-112.
30. Piotroski, J. 2003. Segment reporting fineness and the precision of investor beliefs. Working paper, University of Chicago.
31. Scott, T. 1994. Incentives and disincentives of financial disclosure: Voluntary disclosure of defined benefit pension plan information by Canadian firms. The Accounting Review 69: 26-43.
32. Skinner, D. 1994. Why firms voluntarily disclose bad news. Journal of Accounting Research 32 (1): 38-60.
33. Standard & Poor's Corporation. 1993. Industry Surveys 2. April. New York, NY: Standard & Poor's Corporation.
34. Verrecchia, R. 2001. Essays on disclosure. Journal of Accounting and Economics 32: 97-180.
35. Wagenhofer, A. 1990. Voluntary disclosure with a strategic opponent. Journal of Accounting and Economics 12: 341-363.