The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review
Name
SSRN-id3429337.pdf
Description
Accepted version
Size
766.88 KB
Format
Adobe PDF
Checksum (MD5)
f1848dfd4a154de4f200cc3629a1b885
Author(s)
Roychowdhury, Sugata
Shroff, Nemit
Verdi, Rodrigo S
Date Issued
2019
Journal
Journal of Accounting and Economics
Publisher
Elsevier BV
Version
Author's final manuscript
Abstract
© 2019 Elsevier B.V. A fundamental question in accounting is whether and to what extent financial reporting facilitates the allocation of capital to the right investment projects. Over the last two decades, a large and growing body of literature has contributed to our understanding of whether and why financial reporting affects investment decision-making. We review the empirical literature on this topic, provide a framework to organize this literature, and highlight opportunities for future research.
MIT Department
Sloan School of Management
Terms of Use
Creative Commons Attribution-NonCommercial-NoDerivs License
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1016/J.JACCECO.2019.101246
