Firm-specific and market-wide costs and benefits of disclosure regulation. KU Leuven
Recent events have spurred the debate about financial reporting and disclosure regulations around the world. International financial crises and corporate scandals brought ever greater reporting and disclosure requirements. The Asian Financial Crisis of 1997, the Enron debacle in the U.S., and the recent credit market crisis are only a few examples. Only in Europe millions of firms are forced to disclose financial information each year. ...