Investor Protection and Disclosure. Quantitative Evidence

Marek Gruszczyński

Chapter 2 in FindEcon Monograph Series: Advances in Financial Market Analysis, 2012, vol. 10, pp 19-36 from University of Lodz

Abstract: M. Gruszczyński in Chapter 2 presents the microeconometric evidence on investor protection and disclosure. The focus is on the research of measuring the level of accounting disclosure and how the disclosure is connected to investor protection. Gruszczyński argues that research on accounting disclosure becomes today especially important in connection to the issues of corporate governance while the confidence to the information disclosed is much lower then in the past. The Polish Corporate Disclosure Index (PCDI) is proposed and used in a number of models explaining various investor protection measures. The outcome is that the index is significantly associated with the variables chosen to represent investor protection.

Keywords: Investor protection and disclosure; Corporate governance; Investor protection measures (search for similar items in EconPapers)
JEL-codes: C01 E02 F00 G00 (search for similar items in EconPapers)
Date: 2012
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https://www.repec.uni.lodz.pl/RePEc/files/findec/2012/2012_No_10_Ch_2.pdf (application/pdf)

Related works:
Working Paper: Investor protection and disclosure. Quantitative evidence (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ann:findec:book:y:2012:n:10:ch:02:mon

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