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Disclosure regulation and incentive uncertainty

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  • Phillip C. Stocken

Abstract

This discussion provides a framework incorporating key forces at play when regulating disclosure in financial market settings. Given the potential for politically costly implementation and legal challenges of regulations aimed at reducing investor uncertainty about a firm or information intermediaries incentives, the question arises whether enhanced information about the incentives of manager and information intermediaries is likely to yield disclosure that is more transparent. This discussion focuses on how the efficient regulation of information providers depends critically on the generic properties of the type of information that they communicate to investors and investor uncertainty about the interests of the information provider.

Suggested Citation

  • Phillip C. Stocken, 2022. "Disclosure regulation and incentive uncertainty," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2267-2281, June.
    • Handle: RePEc:bla:acctfi:v:62:y:2022:i:2:p:2267-2281
    DOI: 10.1111/acfi.12862
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    References listed on IDEAS

    as
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