The Evolving Disclosure Landscape: How Changes in Technology, the Media, and Capital Markets Are Affecting Disclosure

• 成果类型: Article
• 署名作者: Miller, Gregory S.; Skinner, Douglas J.
• 署名单位: University of Michigan System; University of Michigan; University of Chicago
• 刊物名称: JOURNAL OF ACCOUNTING RESEARCH
• ISSN/ISSBN: 0021-8456
• DOI: 10.1111/1475-679X.12075
• 发表日期: 2015
• 页码: 221-239
• 关键词: earnings management; CONFERENCE CALLS; discretionary accruals; voluntary disclosure; information-content; political costs; BEHAVIOR; FIRMS; news; incentives

摘要

Recent changes in technology and the media are causing significant changes in how capital markets assimilate and respond to information. We identify important themes in the disclosure literature and use this as a framework to discuss the conference papers that appear in this volume. These papers examine how managers' disclosure practices are being affected by changes in technology, the media, and capital markets. While this work makes important progress, we discuss how continuing technological change and the emergence of new forms of media offer further opportunities for research on the role of disclosure in capital markets.