#Disclosure #Accounting #Investment
Sugata Roychowdhury
Nemit Shroff
Rodrigo S. Verdi
A fundamental question in accounting is whether and to what extent financial reporting facilitates the allocation of capital to the right investment projects. Over the last two decades, a large and growing body of literature has contributed to our understanding of whether and why financial reporting affects investment decision-making. We review the empirical literature on this topic, provide a framework to organize this literature, and highlight opportunities for future research.
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https://www.youtube.com/watch?v=xDSQ0wyhnYQ