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The Timeliness and Detail Tradeoff in the Mandatory Disclosure of Material Events.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Timeliness and Detail Tradeoff in the Mandatory Disclosure of Material Events./
Author:	Watkins, Jessica.
Description:	1 online resource (104 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.
Contained By:	Dissertation Abstracts International79-11A(E).
Subject:	Accounting. -
Online resource:	click for full text (PQDT)
ISBN:	9780438065710

The Timeliness and Detail Tradeoff in the Mandatory Disclosure of Material Events.
Watkins, Jessica.

The Timeliness and Detail Tradeoff in the Mandatory Disclosure of Material Events. - 1 online resource (104 pages)

Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.

Thesis (Ph.D.)--Indiana University, 2018.

Includes bibliographical references

I investigate whether there is a tradeoff between required timeliness and detail of firms' mandatory disclosure of material events and whether such a tradeoff has capital market consequences. Specifically, I examine an SEC regulatory change that accelerates the deadline for reporting material events via Form 8-K. I find that after the regulatory change, there is a general decline in the length of and quantitative information included in 8-K disclosures and that 8-Ks more constrained by the increase in required timeliness experience a greater decrease in disclosure detail than less constrained 8-Ks. Firms filing 8-Ks that are more constrained by the regulatory change also exhibit a greater increase in information asymmetry and investor disagreement around the 8-K filing date. Moreover, I find evidence consistent with the required timeliness-detail tradeoff driving the incremental increase in investor disagreement for firms filing constrained 8-Ks. These findings should be of importance to regulators concerned with both the timeliness and quality of mandatory disclosure and to managers and investors interested in the costs of required disclosure timeliness.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780438065710Subjects--Topical Terms:

561166
Accounting.
Index Terms--Genre/Form:

554714
Electronic books.

The Timeliness and Detail Tradeoff in the Mandatory Disclosure of Material Events.
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245 1 4 $a The Timeliness and Detail Tradeoff in the Mandatory Disclosure of Material Events.
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500 $a Source: Dissertation Abstracts International, Volume: 79-11(E), Section: A.
500 $a Adviser: Teri L. Yohn.
502 $a Thesis (Ph.D.)--Indiana University, 2018.
504 $a Includes bibliographical references
520 $a I investigate whether there is a tradeoff between required timeliness and detail of firms' mandatory disclosure of material events and whether such a tradeoff has capital market consequences. Specifically, I examine an SEC regulatory change that accelerates the deadline for reporting material events via Form 8-K. I find that after the regulatory change, there is a general decline in the length of and quantitative information included in 8-K disclosures and that 8-Ks more constrained by the increase in required timeliness experience a greater decrease in disclosure detail than less constrained 8-Ks. Firms filing 8-Ks that are more constrained by the regulatory change also exhibit a greater increase in information asymmetry and investor disagreement around the 8-K filing date. Moreover, I find evidence consistent with the required timeliness-detail tradeoff driving the incremental increase in investor disagreement for firms filing constrained 8-Ks. These findings should be of importance to regulators concerned with both the timeliness and quality of mandatory disclosure and to managers and investors interested in the costs of required disclosure timeliness.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Accounting. $3 561166
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
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690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
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