... theoretical and empirical literature suggest that higher levels of corporate disclosure enrich the corporate information environment and reduce the extent of information asymmetry between managers and various stakeholders (Diamond and Verrecchia, 1991 ; Kim and Verrecchia, 1994 ; Hussainey and Walker, 2009...

... dispersion Corporate disclosures Information risk M41 We examine whether the practice of controlling shareholders pledging equity influences the quality of analysts’ earnings forecast properties. We adopt an information risk view and hypothesize that opportunistic firm disclosure...