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The Effect of Fair Disclosure Rule on Investment Efficiency


  • Toru Ishikawa

    () (Graduate School of Economics, Osaka University)


In this study, I examine the effect of the Fair Disclosure Rule (FD rule) on the firm fs investment efficiency. In recent studies, the real effect of dis- closure rules has attracted a great deal of attention. Therefore, this study focuses on the effect of the FD rule on the manager fs disclosure policy and firm fs investment efficiency. The results show the effect of firm fs investment efficiency is different based on how manager fs disclosure policy changed.

Suggested Citation

  • Toru Ishikawa, 2017. "The Effect of Fair Disclosure Rule on Investment Efficiency," Discussion Papers in Economics and Business 17-31, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  • Handle: RePEc:osk:wpaper:1731

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    Fair Disclosure Rule; Investment efficiency; Selective disclosure; Public disclosure; Real effect;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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