Insider trading and the voluntary disclosure of information by firms

We set up a model to study the voluntary disclosure of information by insiders of publicly traded companies. We consider a trading framework as in [14] with many assets and one insider per asset. There is one discretionary liquidity trader who can allocate his trades across the different assets and many noise traders who trade with equal intensity in all assets. Before trade begins, insiders can disclose information in order to attract the discretionary liquidity trades. We show that if the level of noise trading is above a certain threshold, then there is an equilibrium where all insiders do not disclose any information. Below this threshold, equilibria are such that some information is always revealed by insiders. We also find that the greater the number of assets, the smaller the intensity of noise trading must be in order to induce insiders to disclose some information, and we find that insiders reveal all their information when the intensity of noise trading approaches zero.

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The role of disclosure and transparency in financial reporting

International Journal of Accounting and Economics Studies ◽

10.14419/ijaes.v3i1.4549 ◽

2015 ◽

Vol 3 (1) ◽

pp. 60 ◽

Cited By ~ 2

Author(s):

Shaban Mohammadi ◽

Behrad Moein Nezhad

Keyword(s):

Financial Reporting ◽

Voluntary Disclosure ◽

Disclosure Of Information ◽

The Impact

<p>Voluntary disclosure and transparency can preserve the interests of shareholders, and the company's performance improves. in this paper, the importance of transparency in financial reporting and expressed its limitations and quality of disclosure and transparency, we express and at the end of the importance and benefits of voluntary disclosure, as well as major issues and the impact of voluntary disclosure of information in the market. we will examine.</p>

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Measuring the voluntary disclosure of information in Romanian context

International Journal of Accounting and Information Management ◽

10.1108/ijaim.2010.36618aad.004 ◽

2010 ◽

Vol 18 (1) ◽

Keyword(s):

Voluntary Disclosure ◽

Disclosure Of Information

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Transparency as a Key Element in Accountability in Non-Profit Organizations: A Systematic Literature Review

Sustainability ◽

10.3390/su12145834 ◽

2020 ◽

Vol 12 (14) ◽

pp. 5834 ◽

Cited By ~ 2

Author(s):

Cristina Ortega-Rodríguez ◽

Ana Licerán-Gutiérrez ◽

Antonio Luis Moreno-Albarracín

Keyword(s):

Sustainable Development ◽

Literature Review ◽

Systematic Literature Review ◽

Voluntary Disclosure ◽

Third Sector ◽

Non Profit ◽

The Third ◽

Disclosure Of Information ◽

Non Profit Organizations ◽

The Third Sector

The purpose of this article is to present a framework to understand transparency in the third sector and then to explore the main research streams regarding the disclosure of information and accountability by conducting a systematic literature review on the antecedents and dimensions of the transparency of information disclosed by non-profit organizations (NPOs). The essential questions of this work are addressed from an international perspective. In particular, we explore three research questions: (1) why should NPOs disclose transparent information to stakeholders? (2) Why do not all NPOs disclose transparent information? (3) What means do NPOs use to disclose transparent information? Our results highlight the lack of transparency legislation in the third sector, leading NPOs to adopt the voluntary disclosure of information policies to improve the perceived credibility of these entities by their stakeholders. In conclusion, our study highlights the importance of developing a systematic body of knowledge regarding the situation of transparent, voluntary information disclosure in the sector. Moreover, the Sustainable Development Goals promulgated by the United Nations place a high value on transparency for the accountability of institutions. To achieve sustainable development, both peace and the governance of institutions are needed. Reducing corruption and promoting transparency are among the goals which should be reached to achieve social sustainability.

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Parents' and Youths' Solicitation and Disclosure of Information in Today's Digital Age

Journal of Youth Development ◽

10.5195/jyd.2018.645 ◽

2018 ◽

Vol 13 (4) ◽

pp. 5-28

Author(s):

Jessie H. Rudi ◽

Jodi Dworkin

Keyword(s):

Substance Use ◽

Technology Use ◽

Voluntary Disclosure ◽

Text Messaging ◽

Parental Monitoring ◽

Protective Factor ◽

Parental Knowledge ◽

Youth Workers ◽

Disclosure Of Information ◽

Substance Use Initiation

Extensive research has identified parental monitoring to be a protective factor for youth. Parental monitoring includes parents’ solicitation of information from their child and the child’s voluntary disclosure of information. In today’s digital society, parental monitoring can occur using technology, such as text messaging, email, and social networking sites. The current study describes parents’ and youths’ communication technology use explicitly to solicit and share information with each other in a sample of 56 parent–youth dyads from the same family (youth were 13 to 25 years old). We also examined associations between in-person parental monitoring, parental monitoring using technology, parental knowledge, and youth substance use initiation. Results revealed great variability in frequency of parental monitoring using technology, with a subgroup of parents and youth reporting doing these behaviors very frequently. Parental monitoring using technology was not associated with greater parental knowledge or youth substance use initiation after controlling for youth age group (adolescent or emerging adult) and gender composition of dyads. However, in-person communication between youth and parents remained an important variable and was positively associated with parental knowledge. Youth workers could empower parents to focus on in-person communication, and not rely solely on communication using technology.

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