Publication Type
Book Chapter
Version
submittedVersion
Publication Date
1-2023
Abstract
This monograph provides an overview of the theories of disclosure regulation and recent developments in the disclosure regulation literature. We organize our discussion around three basic questions. First, why do we need to regulate corporate disclosure in the financial market? Second, which theories explain the current state of disclosure regulation? Third, what are the economic consequences of disclosure regulation? In exploring the third question, we discuss several examples of disclosure regulation related to information production, dissemination, and presentation. Then, we provide an overview of the current debate on mandating environmental, social and governance (ESG) disclosure and reporting. Finally, we conclude by discussing emerging issues of disclosure regulation and potential avenues for future research.
Keywords
Regulation, corporate disclosure, financial reporting, capital market, political economy, information asymmetry
Discipline
Accounting
Research Areas
Corporate Reporting and Disclosure
Publication
Handbook of Financial Decision Making
Editor
G. Hilary
First Page
215
Last Page
234
ISBN
9781802204179
Identifier
10.4337/9781802204179.00022
Publisher
Edward Elgar
City or Country
Cheltenham
Citation
KOTHARI, S.P.; ZHANG, Liandong; and ZUO, Luo.
Disclosure regulation: Past, present, and future. (2023). Handbook of Financial Decision Making. 215-234.
Available at: https://ink.library.smu.edu.sg/soa_research/1973
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.4337/9781802204179.00022