Disclosure Decisions by Firms and the Competition for Price Efficiency
- 1 July 1989
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 44 (3) , 633-646
- https://doi.org/10.2307/2328774
Abstract
This paper develops a model of the relationship between investment decisions by firms and the efficiency of the market prices of their securities. It is shown that more efficient security prices can ...Keywords
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