The financial reporting environment: Review of the recent literature

Anne Beyer, Daniel A. Cohen, Thomas Z. Lys and Beverly R. Walther

Journal of Accounting and Economics, 2010, vol. 50, issue 2-3, 296-343

Abstract: The corporate information environment develops endogenously as a consequence of information asymmetries and agency problems between investors, entrepreneurs, and managers. We review current research on the three main decisions that shape the corporate information environment in capital market settings: (1) managers' voluntary disclosure decisions, (2) disclosures mandated by regulators, and (3) reporting decisions by analysts. We conclude that, in the last ten years, research has generated several useful insights. Despite this progress, we call for researchers to consider interdependencies between the various decisions that shape the corporate information environment and suggest new and interesting issues for researchers to address.

Keywords: Information; environment; Voluntary; disclosures; Mandatory; disclosures; Regulation; Analysts (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (619)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaecon:v:50:y:2010:i:2-3:p:296-343

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Journal of Accounting and Economics is currently edited by J. L. Zimmerman, S. P. Kothari, T. Z. Lys and R. L. Watts

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