Publication Type
Book Chapter
Version
submittedVersion
Publication Date
6-2022
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
First Page
1
Last Page
33
Identifier
10.2139/ssrn.4122664
Citation
KOTHARI, S.P. and ZHANG, Liandong.
Disclosure regulation: Past, present, and future. (2022). Handbook of Financial Decision Making. 1-33.
Available at: https://ink.library.smu.edu.sg/soa_research/1973
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/10.2139/ssrn.4122664
